Total Energies Marketing Uganda Limited v Trust Venyures Incorporation (Miscellaneous Application 1768 of 2024)
Observed later treatment
No later-treatment classification is recorded for this judgment.
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Holding
The High Court Commercial Division lifted the corporate veil of Trust Venyures Incorporation and ordered its directors to pay the judgment debt from Civil Suit No. 476/2023. The application was granted unopposed after the respondents failed to file any reply despite substituted service. The court exercised its powers under section 98 of the Civil Procedure Act following unsuccessful execution proceedings.
Outcome
Corporate veil lifted; directors ordered to pay judgment debt personally
Facts
Total Energies Marketing Uganda Limited obtained judgment against Trust Venyures Incorporation in Civil Suit No. 476/2023. The applicant commenced execution proceedings via EMA No. 0129/2025 seeking attachment of the 1st respondent's moveable property, but the warrant and decree remained unsatisfied. The applicant then filed this application to lift the corporate veil and hold the company's directors personally liable. The respondents were served by substituted service as ordered by the court on 26 September 2025 but filed no affidavit in reply.
Issues
- Whether the corporate veil of the 1st respondent should be lifted to hold the 2nd and 3rd respondents (directors) personally liable for the judgment debt.
Orders
- Application allowed.
- The 1st respondent's veil be lifted and the 2nd and 3rd respondents being the directors of the said company be ordered to pay the judgment debt entered in Civil Suit No. 476/2023.
- Costs of the application be borne by the respondents.
Rules and key headnotes
Legislation cited (1)
Full judgment
The original judgment as reported. Read the original PDF before relying on any passage.