company law

Change company law to allow virtual AGMs, Uganda high court urges

The high court in Uganda has urged that the government change the law to make it easier for businesses to hold their annual general meetings online, or via a mixture of a physical and electronic meeting. This is to take account of the restrictions on gatherings, due to Covid-19, imposed by the government on the one hand, and, on the other, the legal requirement that companies must hold AGMs. For the last few months in Uganda, individual companies have been coming to court asking for judicial authorisation to hold electronic meetings.

Read judgment

It is not often that a judge’s obiter remarks are the most significant part of a decision – after all, the whole point of flagging remarks as ‘obiter’ is to indicate that they are made merely in passing. But the case of Uganda Clays, heard by Judge Ssekaana Musa and with judgment delivered on August 17, might just be the exception that proves the rule.

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