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Tanzania Case Law

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Company law GA INSURANCE T LTD VS GOLD INSURANE SERVICES MISC

GA INSURANCE T LTD VS GOLD INSURANE SERVICES MISC

Court
TANZLII

The applicant failed to establish legal grounds for lifting the corporate veil; there was no evidence of fraud, concealment within the company, or alter ego sufficient to disregard the company's separate legal personality. Directors/shareholders cannot be made personally liable for company debts solely due to lack of assets or failure to pay the decree.

Source excerpt

  • Lifting the corporate veil
  • Director liability
  • Judgment enforcement
  • Concealment of assets
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Company law Misc

Misc

Court
TANZLII

The court found that the directors of the 1st respondent deliberately concealed company assets to frustrate execution of the Court of Appeal's order, constituting exceptional circumstances warranting the lifting of the corporate veil to hold them personally liable.

Source excerpt

  • Lifting the corporate veil
  • Enforcement of court orders
  • Concealment of assets
  • Execution of decrees
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About this LexChat collection

Tanzania decisions are organised by court, judge, legal area and indexed issue so a practitioner can move from a proposition to a citable authority with the surrounding context intact.

Source links and collection timestamps are retained alongside the indexed records.