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Tanzania decisions
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Given the failure of the 1st respondent to satisfy the decree, absence of attachable assets, and evidence of directors' control, the court found it just to lift the corporate veil and hold the directors personally liable for the company's debt.
Source excerpt
The High Court ordered Exim Bank to furnish a bank guarantee as security for due performance of the decree after finding a mere undertaking was insufficient.
The Court of Appeal granted a stay of execution pending appeal, finding sufficient cause because the decree might be hard to enforce and the title deeds could be irretrievably lost.
The High Court held that a decree holder could not trace bride wealth cattle into the hands of a third party, where the cattle had lawfully passed to another family through marriage.
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