Hagmann v The Knowledge Hub Limited
Hagmann v The Knowledge Hub Limited (Petition Cause 33327 of 2024) [2025] UGRSB 4 (28 February 2025)
The Registrar found that the breakdown in relations and failure of corporate governance between the two equal shareholders, coupled with the respondent's refusal to provide key documents and failure to recognize the applicant's substantial investment, constituted oppressive conduct within the meaning of section 243 of the Companies Act. The Registrar rejected winding up as a remedy, as it would unfairly prejudice the respondent, and instead ordered an independent valuation of both parties' contributions. The respondent is granted the first opportunity to buy out the applicant's shares at a fa…
Source excerpt
- Minority Oppression
- Shareholder Disputes
- Corporate Governance
- Company Valuation