FUNDIRA v. MUTABARUKA NABANDI
After repayment of the debt, Fundira Léon was entitled to the return of his 50% shares in PHARMAVIE Ltd. The subsequent transfer of all shares to VINE PHARMACY Ltd by Mutabaruka Cécile was invalid as it occurred after the order for rehearing. However, as the shares had already been transferred to a third party, Fundira Léon 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.
Source excerpt
- Shareholder rights
- Breach of contract
- Dividends
- Damages for delay
- Company share transfer