[2010] UGSC 35

[2010] UGSC 35

The Supreme Court held that the arbitration award of Shs. 2,882,400,000/= in favour of the appellant became unenforceable due to the voluntary settlement agreement entered into by both parties and endorsed by the Registrar. The settlement expressly resolved all disputes arising from the arbitration, including both...

Source-derived case information.

Citation
[2010] UGSC 35
Parties
Appellant: Oil Seeds (U) Limited; Respondent: Uganda Development Bank Limited
Court
Supreme Court of Uganda
Jurisdiction
Uganda
Case Number
Civil Appeal 9 of 2009
Procedural Posture
Civil Appeal / Final Appellate Judgment
Outcome
appeal dismissed
Judges
Kisaakye, JSC, Odoki, CJ, G. M. Okello, JSC, Tumwesigye, JSC, Katureebe, JSC
Legal Topics
Arbitration Award Enforcement, Settlement Agreements, Powers of Registrar, Remission of Award, Interest on Award
Source Language
en
Commercial and Corporate Alternative Dispute Resolution Arbitration Award Enforcement Settlement Agreements Powers of Registrar Remission of Award Interest on Award

Source-derived case record

Summary, issues, holding and outcome

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Parties

Oil Seeds (U) Limited

Appellant

Uganda Development Bank Limited

Respondent

Procedural Posture

Civil Appeal / Final Appellate Judgment

  1. 1 Whether the arbitration award of Shs. 2,882,400,000/= in favour of the appellant remained enforceable after the parties entered into a settlement agreement.
  2. 2 Whether the settlement agreement covered the entire dispute, including the arbitration award, or was limited to specific claims.
  3. 3 Whether the High Court and Court of Appeal erred in refusing to order execution of the arbitration award as a decree of the court.

Ratio Decidendi

The Supreme Court held that the arbitration award of Shs. 2,882,400,000/= in favour of the appellant became unenforceable due to the voluntary settlement agreement entered into by both parties and endorsed by the Registrar. The settlement expressly resolved all disputes arising from the arbitration, including both the claim for Shs. 1,023,644,800/= and the award of Shs. 2,882,400,000/=. The appellant and its lawyers received the agreed payments, and the appellant was estopped from seeking further enforcement of the award or interest. The court found that, under the repealed Arbitration Act and applicable rules, enforcement of an award as a decree could only occur after objections were...

Court Disposition

appeal dismissed

Orders

  • The appeal is dismissed with costs to the respondent in the Supreme Court and in the courts below.
  • No order for execution of the arbitration award as a decree of the High Court.