Law Of Business Associations II Bachelor Of Laws Reading List
Course Objectives:
By the end of the Course, you should be able to:
(a) Demonstrate an appreciation of the main principles and procedures in company law and the law of partnerships;
(b) Enhance an understanding of the law relating to raising of capital, insolvency, dissolution and winding of companies, formation and dissolution of partnerships;
(c) Locate the major laws, policies relating to various aspects of companies and partnerships in Uganda;
(d) Develop critical thinking and problem solving skills about any concept of company law and the law of partnerships;
(e) Analyse and discuss policies that affect business associations in Uganda in comparison with other jurisdictions;
(f) Advise on matters of listing, and winding up of companies and formation and dissolution of partnerships;
(g) Apply the knowledge acquired in practical situations.
Course Content:
This course will focus on the following aspects:
- Financing of companies: raising capital, shares and share capital, transfer and transmission of shares, borrowing, debentures and charges;
- Capital Markets, listing, prospectuses;
- Individual and Corporate Insolvency
- Dissolution of companies: grounds for dissolution and modes of winding up;
- Alternatives to winding up
- Reconstruction and amalgamation of companies
- Formation of partnerships, nature of partnerships and registration of partnerships;
- Liability of partners to persons dealing with the firm;
- Relations of partners to one another;
- Dissolution of partnerships and the consequences that arise;
- Limited liability partnerships;
Learning Outcome:
The course serves to bring the students into full appreciation of the application of the principles of company law, insolvency law and partnership law in Uganda and to also equip the students with knowledge of these principles as applied and interpreted by the courts of law and in daily business activities. Students should be able to develop an understanding of the principles of corporate governance in Uganda, East Africa and other Common Law jurisdictions.
Course Methodology:
The Business Associations course is taught in two semesters as Business Associations I and Business Associations II. The course shall be conducted mainly through:
- Interactive Lectures and Tutorials. During the course, a number of company law and partnership law principles and cases shall be discussed. You shall note the principles discussed in class and shall be required to develop a critical analysis of company law and Partnership law concepts and issues and be able to apply them in solving company law issues around them.
- Part of the learning shall be through group discussions and presentations (You may be placed in any group and any member of the group may be called upon to present);
- Occasionally we shall have Guest Speakers/Guest Lectures;
KEY TEXT BOOKS:
D.J BAKIBINGA: Company Law in Uganda, Fountain Publishers, 2001 (available in the UCU Law Library)
Paul L. Davies: Gower & Davies’ Principles of Modern Company Law: Thomson, Sweet & Maxwell, 7th Edition, 2003 (available in the UCU Law Library)
L.S SEALLY Cases and Materials in Company Law (2001) (available at UCU Law Library)
R.R Pennington Pennington’s Company Law, Butterworth,4th Edition (1979).
Cary Eisenberg: Cases & Materials on Corporations, 5th Edition Abridged, Foundation Press, 1984 (available in the UCU Law Library)
Keith Walmsley Company Law Handbook, 20th edition , LexisNexis, Butterworths, 2006 (available in the UCU Law Library)(Consultant Editor)
Bakibinga: Partnership Law in Uganda, Law Africa, 2011
KEY STATUTES:
- Companies Act, 2012, Act No. 1 of 2012 (It awaits Regulations made under it but commenced as law on 1st July 2013).
- Partnership Act, 2010, Act 2 of 2010
- Companies (Government and Public Bodies Participation)(Valuation) Regulations SI 111-1.
- Companies Winding-Up Rules, SI 110-2 (To be replaced soon)
- Statutory Instruments 71-1
- The Capital Markets Authority Act, Cap 84 as amended by the Capital Markets Authority (Amendment) Act, 2011, Act No. 12 of 2011
- Insolvency Act, 2011, Act No. 14 of 2011
- Insolvency Regulations, 2013, SI No. 36
Law Reports
The Uganda Commercial Law Reports [1997-2001]; [2002-2004]
High Court Bulletin
East African Law Reports
All England Law Reports
WLR
Chancery
Kings Bench
SEMESTER II
I- FINANCING OF COMPANIES [Week 1-3]
RAISING OF CAPITAL
RAISING OF CAPITAL
Shares, and share capital, allotment of shares, transfer and transmission of shares, prospectus, capital markets, borrowing, debentures and charges, maintenance of capital
STATUTORY PROVISIONS
Ss 5,60, 61, 62-97,98-114, Companies Act, 2012
The Chattles Transfer Act
The Investments Code Act, Cap 93
Capital Markets Authority (Amendment) Act, 2011, Ss. 3 (Inserting Part XA in Cap 84 – Sections 90A – 90AE), section 8. Also see relevant other provisions of the Capital Markets Authority Act, Cap 84
Capital Markets (Prospectus Requirements) Regulations SI 84-2, Parts I, II & III
Listing Rules of Uganda Securities Exchange
O.34A,6(f) Civil Procedure Rules.
BOOKS
Paul L. Davies: Chaps. 11, 12, 13, 24-32, Bakibinga: Chaps. 6, 7, 8, 9 & 10,KATENDE Ch.9
MUSISI Ch 14, PENNINGTON Chs. 6-14
Cases:
RE MTN Village Phone Uganda Ltd [2002-2004] The Uganda Commercial Law Reports 424
Twycross v. Grant (1877) 2 CBD 469
Clovergem Fish & Foods Ltd v. International Finance Corp & 7 Others [2002-2004] The Uganda Commercial Law Reports 132
Jack Wavamuno v. Kai Anderson & Others [2002-2004] The Uganda Commercial Law Reports 252
Amrit Goyal v. Hari Chand Goyal & Others [2002-2004] The Uganda Commercial Law Reports 36
Government Stocks and Other Securities Investment Co. Ltd. v. Christopher [1956] 1 ALL ER 490
SEC v. Ralston Purina Co.
Nash v Lynde [1929] AC 158
Re South of England Natural Gas Co. Ltd [1911] 1 Ch. 573
Derry v Peek (1889) 14 App. Cas. 339
New Brunswick & Canada Ry Co. v. Muggeridge (1860) 1 Dr & Sm 363
Illingworth v. Houldsworth [1904] AC 355
David Mpanga & Another v. Roliat Property Agency Ltd [1997-2001] The Uganda Commercial Law Reports 239
Noble Builders (U) Ltd & Another v. Jaspal S. Sandhu [1997-2001] The Uganda Commercial Law Reports 110
Tarloghan Singh v. Jaspal Phaguda & Others [1997-2001] The Uganda Commercial Law Reports 408
Capital Finance Co. Ltd. v Stokes [1968] 3 ALL ER 625
Watson v. Duff Morgan & Vermont Ltd [1974] 1 WLR 540
Re Monolithic Building Co. [1915] 1 Ch 643
Kasozi Dhambi v. Male Construction Services Co [1981] HCB 26
XIII- INSOLVENCY, RECONSTRUCTIONS, AMALGAMATIONS & DISSOLUTION OF COMPANIES [Week 4-6]
BOOKS: Paul l. Davies Appendix, Bakibinga Chap. 18, KATENDE Chap. 12, MUSISI Chap. 17
STATUTORY PROVISIONS
Sections 268 - 272 Part IX Companies Act, 2012
Insolvency Act, 2011 (For Corporate Insolvency see Part IV, Individual Insolvency see Part III)
Insolvency Regulations, 2013
The Companies (Winding-Up) Rules, SI 110-2
Striking a Defunct Company off the Company’s register
Section 259 for foreign company, Companies Act, 2012
Re Jan Mohammed Kisii Cinema Ltd (1971) EA 268
Re Moses Cohen Ltd (1957) 1 WLR 1007
Reconstruction and Amalgamation
Take-Overs, Mergers, Acquisition and Divisions of companies
Sections 234, 235 - 246 Companies Act, 2012
Bakibinga Chap 17
Indian Contractors Ltd V Puhoit 1965 A.L.R Comm. 325
Re South African Supply & Cold Storage Co. Ltd (1904) 2 Ch. 263
Winding –Up & Liquidation
Sections 268 - 272 Part IX Companies Act, 2012
Insolvency Act, 2011 (For Corporate Insolvency see Part IV, Individual Insolvency see Part III)
Insolvency Regulations, 2013
The Companies (Winding-Up) Rules, SI 110-2
Re Mastermind Tobacco (U) Limited Tobacco & Commodity Traders International Incorporated [2002-2004] The Uganda Commercial Law Reports 414
Re Muddu Awulira Enterprises Limited [2002-2004] The Uganda Commercial Law Reports 418
David Mpanga & Another v. Roliat Property Agency Ltd [1997-2001] The Uganda Commercial Law Reports 239
TransAfrica Assurance Co. Ltd v. Cimbria (EA) Ltd [1997-2001] The Uganda Commercial Law Reports 139
Noble Builders (U) Ltd & Another v. Jaspal S. Sandhu [1997-2001] Uganda Commercial Law Reports 110
Italian Construction Co V Parciroli (1967) EA 264
Hamburger & Sons Ltd V Nyanza Impex Ltd 1975(1) ALR Comm. 90, Civ. App No. 13 of 1975(EACA).
Hang & Ors. V Buhemba Mines Ltd op Cit.
Highlands Commercial Union Ltd V Jamal (1957) E.A 641
Lubega V K.C.C [1975] HCB 101; Civ.App.No.8 of 1975(EACA)
Re Olathe Silver Mining Company (1884) 27 Ch.D. 278
Re Dunderland Iron Ore Co. Ltd. [1909] 1 Ch 446
Re Rica Gold Washing Co. (1879) 11 Ch.D. 36
Re Chasterfield Catering [1976] 3 All ER 294
Langley Constructions (Brixham) Ltd v. Weills [1969] 1 WLR 503
Pulsford V Davenish (1903) 2 Ch. 625
Re Allied Food Products Ltd. [1975] HCB 294
Re Bugisu Bakery Ltd, Companies Cause No. 73 of 1987
Re Hoima Ginners Ltd.(No. 2) (1964) E.A 439
Rudewa Estates Ltd V Stamp Duty Commissioners (1966) EA 576
M.N Tejani V Official Receiver (1960) EASA 574
Re Patent Steam Engine Co.(1878) 8 Ch. D 464
Re Peter & Co. Ltd companies cause no. 18 of 1960 (Uganda)
Re Ranjani Nanji & Sons Ltd (1925) KLR 124
Re Rwakati Ranchers Ltd [1975] HCB 298
Re Sejpal Ltd [1957] E.A 289
Re Tanganyika Produce Agency Ltd [1957] E.A 241
Rudewa Estates Ltd V Commissioners of Stamp Duties [1966] E.A 576
For Cross Border Insolvency, See Part IX of the Insolvency Act, 2011
On Official Receiver and Regulation of Insolvency Practitioners, see Part VIII of the Insolvency Act, 2011.
Alternatives to Winding Up
- Voluntary arrangements
- Composition
- Scheme of arrangement
- Administration Order
PART II -PARTNERSHIP LAW
BOOKS
David Bakibinga Partnership Law in Uganda, Law Africa Publishing (U) Ltd, 2011
Halsbury’s Laws of England, 4th Edition, Volume 35, Butterworths, London, 1981
Underhill’s Principles of the Law of Partnership, Buterworths, (10th Edition 1975).
Charles D. Drake: Law of Partnership, Sweet & Maxwell, London, 1977
(available at UCU library-but read with necessary modifications)
STATUTES: Partnership Act, 2010, Act 2 of 2010, Order 30 Civil Procedures Rules SI 71-1
FORMATION OF PARTNERSHIPS [Week 7]
STATUTORY PROVISIONS: Sections, 2, 3,4,47, 48, 49, 50 Partnership Act, 2010
Text Books: Bakibinga Chapters 1 & 2
CASES
Keith Spicer Ltd. v. Mansell(1970) 1 LRr 333
Davis v. Davis (1894] 1 Ch 393
Pooley v. Driver (1876) 5 Ch D.458
Femstone (1940) 23 T.C 29
Stekel v. Ellice [1973] 1 ALLER 465
RELATIONS OF PARTNERS TO PERSONS DEALING WITH THEM [Week 8]
Statutory provisions: Ss 5-20 Partnership Act, 2010, Order 30 Civil Procedure Rules SI 71-1
TEXT BOOKS: Bakibinga Chapter 3, Underhill Ch. 3, DRAKE Ch.33
CASES- GENERAL PRINCIPLES
Chand Sharma trading as Regal Provision Stores v. Bush mills [1957] E.A 404
Geoffrey Gatete & Angella Maria Nakigonya v. William Kyobe SCCA No. 7 of 2005
Mercantile Credit .Ltd V Garrord (1962) 2 ALL.E.R
Uganda Commercial Bank V Wanendeya and others, HCCS 84
Hinging V Beauchamp (1984) 3 K.d 1192
Nature of liability
Kenya Farmers Association Ltd. V Baron Von Tuereke (1932)
Serwan Singh v. Karam Singh Lal Puran Singh [1963] EA 423
TotanRam V Singh (1933) 5 ULR 76
Kenal V Hamilton (1879)4 App Cas 504
Robinson V Geisal (1894) 2 Q.B. 605
Horra V Morra [1959] E.A 981
Duration of Liability
Rambhai & Co. (U) Ltd. V Lalji Ratna & Anor.[1970] E.A 106
Rolfe V Flower, Salting & Co. (1865)L.R.I P.C 27
Doctrine of Holding out
Tower Cabinet Co. Ltd.V Ingrahm (1949) 2 K.B 397
Keith Spice Ltd V Mansell (1970) 1 LR 333
Davis v. Davis (1894) 1 Ch 391
Pooley-Driver (18940 1 Ch D. 458
Femstone (1940) 23 T.C 29
Stokel V Ellice (1973) 1 ALLER 465
RELATIONS OF PARTNERS TO ONE ANOTHER [Week 9]
Statutory Provisions: Sections 21-33 Partnership Act, 2010
Books: Bakibinga Chapter 4
Cases
Mcleod V Dowling(1927) 43 T.L.R 655
Jones V Lloyd (1874) L.R 18 EQ 265
Flydd DD V Cheney (1970)1 ALL.ER 446
Sobell V Boston (1975) 2 ALL ER 282
P.G Zala V J.M Patel (1971) 1 ULR 170
Trego V Hunt (1896) A.C 7
Westbourne Gallearies V Ebrahimi [1973] A.C 360
DISSOLUTION OF PARTNERSHIPS [Week 10]
Statutory Provisions: Sections 34-46 Partnership Act, 2010, Order 37 Civil Procedure Rules SI 71-1
Books: Bakibinga Chapter 5
Cases: Rambhai & Co. Uganda Ltd v. Lalji Ratna and Another [1970] EA 106
Pius Ogoola v. Othieno Okoth [2001-2004] The Uganda Commercial Law Reports 381
Tower Cabinet Co. ltd v. Ingram [1949] 1 ALL ER 1033
LIMITED LIABILITY PARTNERSHIPS [Week 11-12]
Statutory Provisions: Sections 47-59 Partnerships Act, 2010
- Meaning
- Procedure for registration
- Registration of change in particulars
- Management
- Winding up
- Conversion of partnerships
- Rules and regulations
GENERAL ARTICLES
HANBURY Partners in Property 43. L.Q.R 392
GOUDLE Leases and Partnerships 35 Conv.(M.S) 17
ANDREWS The Criminal Liability of Partners (Justice of Peace 176.
RAEBRUN The So-called Lien of a Partner 12 M.L.R
SANDRAS Small Business -Suggesting for Simplified Forms of Incorporation (1970) J.B.L 14
CHIRSCHELD Partnership with Limited Liability in Germany 92L..R.,625
GOODHART Statutory Definition of a Partnership 41L.Q.R 213 & 234
PORTER Partnership Land and “Undivided Shares”, 46, L.R 77
JONES Unjust Enrichment and Fiduciary Duty of Loyalty(1968) 84 L.Q.R 472 5Q.L.Q.R 19
P.G Limited Partners in America and England 27 L.Q.R 5; Preparation for Competition After Dissolutions of a Partnership 11 L.Q.R 21Q 12L.Q.R. 94
Tags : Corporate and Commercial