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Rwanda decisions
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The Supreme Court held that Muganda had no shareholder rights in later clinics and must return money paid under the reversed judgment.
The Supreme Court dismissed a review application challenging an arbitral award, holding that claim amendments and additional evidence were permitted and that no procedural violation justified annulment.
The Court of Appeal partly allowed the appeal, confirming restitution of USD 80,000 and damages, but reduced the interest calculation to USD 51,291 from 13 March 2021.
The Court of Appeal held that the appeal was partly successful only on interest. It upheld liability to refund USD 80,000, plus damages and costs.
The Court of Appeal held that grounds of appeal filed by Nzizera on 06/10/2022 and 07/10/2022 were timely as they were submitted within one month after the judgment copy was uploaded to IECMS. The High Court erred in holding Nzizera's claim inadmissible on the basis of res judicata, as previous judgments did not resolve the substantive issues raised. However, Nzizera failed to provide sufficient evidence to support his substantive claims regarding misappropriation of company funds, and the request for an audit was properly denied as it was not raised at first instance. No party was awarded co…
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The Supreme Court found a 1997 extraordinary shareholders’ meeting invalid, awarded the claimants share value, unpaid dividends, interest, and legal costs, and granted review for injustice.
The Supreme Court held that the disputed immovable property remained registered to SOPROCOGI Ltd, so Byuma Jean Claude’s review request failed.
After repayment of the debt, Fundira LĂ©on was entitled to the return of his 50% shares in PHARMAVIE Ltd. The subsequent transfer of all shares to VINE PHARMACY Ltd by Mutabaruka CĂ©cile was invalid as it occurred after the order for rehearing. However, as the shares had already been transferred to a third party, Fundira LĂ©on is entitled to the monetary value of his shares as assessed by experts, plus interest for delay, but not to dividends, as there was no evidence of distributed profits.
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The Court of Appeal dismissed Rwanda Trading Company Ltd’s appeal, holding that the legal heir of Bigirimana Robert was not jointly liable with Rusenyi Coffee Growers Ltd.
The High Court upheld dismissal of ALPHA PALACE Ltd’s appeal, finding the company had not proved a shareholders’ meeting authorizing the suit actually occurred.
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