Infrastructure Projects Ltd v Meja Properties Ltd
Infrastructure Projects Ltd v Meja Properties Ltd (CIVIL SUIT NO 2351 OF 2016) [2020] UGHCCD 51 (14 April 2020)
The court found that there was no valid contract between the plaintiff and the defendant. The purported agreement was executed between husband and wife, who were directors of the respective companies, and was not disclosed to the new majority shareholder. The evidence showed that the defendant did not own the land at the time of the alleged contract, and the agreement was likely manufactured and backdated to defraud the defendant and its new shareholder. The court also held that the agreement was inadmissible as evidence due to non-payment of stamp duty, contravening the Stamp Duty Act. The c…
Source excerpt
- Contract Existence
- Fraudulent Contracts
- Corporate Veil Piercing
- Stamp Duty Noncompliance