Stanbic Bank Uganda Ltd v Ducat Lubricants (U) Ltd & 3 Ors (MISC. APPLIC. No. 845 Of 2013) [2013] UGCOMMC 199 (25 November 2013);


Headnote and Holding: 

This case considered the instance when the veil of incorporation can be lifted. The mind of a company where guilty intent or responsibility is being considered cannot be separated from the minds of the directors. The corporate veil ought to be lifted where there is proof of involvement of the directors in fraud. Once there has been an allegation of fraud against the company, the directors are ay virtue alleged to be involved. Accordingly, the veil of incorporation will be lifted where it is proved that the directors, acting as the mind and body of the company were involved in an act of dishonesty.


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