UAP Old Mutual Insurance Uganda Limited v Rwenzori Hydro (PVT) Limited & Another (Miscellaneous Application 446 of 2024)
Observed later treatment
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Holding
Court refused leave to appear and defend and entered judgment for the respondents. Held that performance bonds issued by the applicant as guarantor were demand guarantees governed by the principle of autonomy — the guarantor must pay on complying demand irrespective of disputes in the underlying contract. The applicant's letter requesting further documentation did not constitute a valid rejection under URDG 758. Unconscionability may restrain a beneficiary from calling a bond in interlocutory injunction proceedings, but does not afford a guarantor a defence in an action for payment where the demand complies with the bond terms and no fraud is shown.
Outcome
Application dismissed; judgment entered for respondents for the full amounts claimed under the two performance bonds plus interest at 4% per annum and costs
Facts
The applicant insurance company issued two performance bonds securing the obligations of VS Hydro Uganda Limited and VS Hydro (Pvt) Limited as contractors under EPC contracts for the construction of two hydropower projects. The bonds required extension if the contractors' obligations had not been completed 28 days before expiry. On 30 November 2021, the respondent employers requested extension of the bonds. The applicant undertook to extend them on 2 December 2021 subject to regulatory approval. On 5 December 2021 — two days later — the respondents called on both bonds for failure to extend within 28 days of expiry. The applicant's letter of 9 December 2021 did not unequivocally reject the demand but requested further documentation. The respondents filed suit for payment. The applicant sought leave to defend, arguing the calls were unconscionable because the projects had reached commercial operations, the respondents had delayed in requesting extension, and underlying disputes should be resolved by arbitration.
Issues
- Whether the applicant has a good and plausible defence to the respondents' claim for payment under two performance bonds.
- Whether the calls on the performance bonds were unconscionable and made in bad faith.
- Whether the demands on the performance bonds were duly rejected by the applicant.
- Whether unconscionability in the underlying transaction provides a defence or raises triable issues from a guarantor's perspective.
- Whether the circumstances surrounding the attaining of commercial operations of the projects and failure to issue a take-over certificate affords the applicant a defence or raises triable issues.
Orders
- Application for leave to appear and defend dismissed with costs to the respondents.
- Judgment entered for the 1st respondent in the sum of US $2,577,020 owed on Performance Bond No. 010/132/1/001055/2017 dated 29 July 2021.
- Judgment entered for the 2nd respondent in the sum of US $1,322,150 owed on Performance Bond No. 010/132/1/001054/2017 dated 25 May 2021.
- Interest awarded at 4% per annum on each sum from date of judgment until payment in full.
- Costs of the suit awarded to the respondents.
Rules and key headnotes
Legislation cited (8)
- Civil Procedure Act s.98
- Civil Procedure Rules O.36 r.4
- Civil Procedure Rules O.36 r.5
- Civil Procedure Rules O.52 r.1
- Civil Procedure Rules O.52 r.3
- Civil Procedure Rules O.6 r.30(1)
- Arbitration and Conciliation Act s.5(1)
- Arbitration and Conciliation Act s.9
Cases cited (15)
- M.M.K Engineering v Mantrust Uganda Ltd (Miscellaneous Application No. 128 of 2012)
- Bhaker Kotecha v Adam Muhammed [2002] 1 EA 112
- Makula Inter global Trade Agency v Bank of Uganda [1985] HCB 65
- Edward Owen Engineering Ltd v Barclays Bank International Ltd [1978] 1 QB 159
- R D Harbottle (Mercantile) Ltd v National Westminister Bank Ltd [1978] 1 QB 146
- Group Josi Re v Walbrook Insurance Co Ltd [1996] 1 WLR 1152
- Deutsche Ruckversicherung AG v Walbrook Insurance Co Ltd [1994] 4 All ER 181
- NMC Enterprises v. Columbia Broadcasting System, Inc14 U.C.C. REP. SERV. 1427 (N.Y. Sup. Ct. 1974)
- Leonardo SpA v Doha Bank Assurance Company LLC [2019] QIC (F) 6
- Alternative Power Solution Ltd v Central Electricity Board [2014] UKPC 3
- IE Contractors v Lloyd's Bank [1990] 2 Lloyd's Rep 496
- Sea-Cargo Skips v State Bank of India [2013] EWHC 177 (Comm)
- Babcon Uganda Ltd v Mbale Resort Hotel Ltd (Civil Appeal No. 87 of 2011)
- Sulzer Pumps Spain SA v Hyflux Membrane Manufacturing (S) Pte Ltd [2020] SGHC 122
- Jamil Senyonjo v Jonathan Bunjo (Civil Suit No. 180 of 2012)
Cases citing this judgment (2)
How later Ugandan judgments in the Wakilii corpus have cited this case. Treatment labels come from Sequitur — Uganda’s citator — each backed by a verbatim span from the citing judgment, and are not an assertion that this case is, or is not, good law.
Full judgment
The original judgment as reported. Read the original PDF before relying on any passage.