This is an application for stay
of proceedings in a
petition brought by a minority shareholder for certain
reliefs including in the alternative a winding up order. The applicant is the company against which the orders are sought and the petitioner respondent is the minority shareholder in it. Before hearing of the petition could commence counsel for the applicant
Ziwa Horticultural Exporters Ltd (
Ziwa), Mr.
Katende sought to stay the petition brought by the East African Development Bank (
EADB). The reasons for the application are that a loan agreement whereby
EADB financed
ZIWA contained an arbitration clause. Further that
