TABLE OF CONTENTS
DECLARATIOIN .................................................................................................................................... i
APPROVAL ........................................................................................................................................... ii
DEDICATION ....................................................................................................................................... iii
LIST OF LEGISLATION ........................................................................................................................ v
LIST OF CASES .................................................................................................................................... vi
LIST OF ABBREVIATIONS ................................................................................................................ vii
ABSTRACT ........................................................................................................................................... xi
CHAPTER ONE. ................................................................................................................................... 1
1.0 GENERAL BACKGROUND .......................................................................................................... 1
1.2 Statement of the problem ................................................................................................................... 4
1.3 Purpose of the study .......................................................................................................................... 5
1.3.1 General objectives .......................................................................................................................... 5
1.3.2 Specific objectives .......................................................................................................................... 5
1.4 Significance of the study .................................................................................................................... 6
1.5 Scope of the study ............................................................................................................................ 6
1.5.1 Subject matter/Thematic Scope ...................................................................................................... 6
1.5.2 Temporal (time based) scope .......................................................................................................... 6
1.5.3 Geographical scope ......................................................................................................................... 7
1.6 Hypothesis ......................................................................................................................................... 7
1. 7 Chapter Synopsis ............................................................................................................................... 7
1.8 Literature review ............................................................................................................................... 8
1.8.1 Statutes ........................................................................................................................................... 8
1.8.2 Textbooks ..................................................................................................................................... 10
1.8.3 Scholarly Writings and Research papers ........................................................................................ 12
1.8.4 Judicial Decisions ......................................................................................................................... 13
9.0 Research Methodology .................................................................................................................... 14
viii
CHAPTER TWO ................................................................................................................................. 15
2.0 ARGUMENTS, THEORIES FOR THE CORPORATE PERSONALITY ................................. 15
2.1 Introduction ..................................................................................................................................... 15
2.2 Non Legal Norms and Corporate Governance .................................................................................. 15
2.2 Theories of Corporate Personality .................................................................................................... 18
2.2.1 The Fiction Theory ....................................................................................................................... 18
2.2.2 The Realistic Theory ..................................................................................................................... 19
2.2.3 The Concession Theory ................................................................................................................ 20
2.2.4. The Bracket Theory ..................................................................................................................... 21
2.2.5 The Organism Theory ................................................................................................................... 21
2.2.6 The Ownership Theory ................................................................................................................. 22
2.2. 7 The Purpose Theory ...................................................................................................................... 23
2.2.8 The Kelsen's Theory ..................................................................................................................... 23
2.3 Lifting the Corporate Veil ................................................................................................................ 24
CHAPTER THREE. ............................................................................................................................ 28
3.0 INTERNATIONAL, REGIONAL AND DOMESTIC PERSPECTIVES .................................... 28
3.1 Introduction ..................................................................................................................................... 28
3.2 Legal Personality and its Inapplicability ........................................................................................... 28
3.3 Legal Reform and Corporate Governance in Japan ........................................................................... 32
3.4 Protection of Companies, Creditors and Cross border Transactions .................................................. 34
3.5 Conclusions ..................................................................................................................................... 37
CHAPTERFOUR ............................................................................................................................... 39
4.0 PRESENTATION, INTERPRETATION AND ANALYSIS OF DATA ..................................... 39
4.1 Introduction ................................................................................................................................... 39
4.2 The role of courts of law in interpretation of corporate personality ............................................ 39
ix
CHAPTER FIVE ................................................................................................................................. 47
5.0 CONCLUSIONS AND RECOMMENDATIONS OF THE STUDY .......................................... .47
5.1 Introduction ..................................................................................................................................... 47
5.2 Conclusions of the Study ................................................................................................................. 47
5.3 Recommendations of the Study ........................................................................................................ 49
BIBLIOGRAPHY .............................................................................................................................. 52
ABSTRACT
There was need and desire to advocate for unsecured creditors, employees and tort victims to know the law governing corporate personality in order to have smooth running of business in Uganda. Many of the aforementioned were being victimized because they didn't know what was expected from the process doing business with companies and as well most companies did know how to handle certain issues regarding the remedies, entitlements of unsecured creditors, employees and tort victims in an unfortunate event of corporate insolvency. A combination of qualitative and quantitative methods were applied and data collected via interviews, questionnaires, observation and literatures review. The study relied on both secondary sources and government publications related to corporate personality. Data were summarized and coded into themes and sub-themes from which conclusions and recommendations were drawn. Among the many peculiar findings included the ignorance of unsecured creditors, employees and tort victims about the law governing corporate personality in Uganda and enforcement of their legally established remedies in the actual abuse of the corporate personality.
HERBERT, K (2022). A Critical Analysis of the Law On Corporate Personality and Its Legal Implications in Uganda; A Case for Unsecured Creditors, Employees and Tort Victims.. Afribary. Retrieved from https://afribary.com/works/a-critical-analysis-of-the-law-on-corporate-personality-and-its-legal-implications-in-uganda-a-case-for-unsecured-creditors-employees-and-tort-victims
HERBERT, KIREETW "A Critical Analysis of the Law On Corporate Personality and Its Legal Implications in Uganda; A Case for Unsecured Creditors, Employees and Tort Victims." Afribary. Afribary, 18 Jul. 2022, https://afribary.com/works/a-critical-analysis-of-the-law-on-corporate-personality-and-its-legal-implications-in-uganda-a-case-for-unsecured-creditors-employees-and-tort-victims. Accessed 02 May. 2024.
HERBERT, KIREETW . "A Critical Analysis of the Law On Corporate Personality and Its Legal Implications in Uganda; A Case for Unsecured Creditors, Employees and Tort Victims.". Afribary, Afribary, 18 Jul. 2022. Web. 02 May. 2024. < https://afribary.com/works/a-critical-analysis-of-the-law-on-corporate-personality-and-its-legal-implications-in-uganda-a-case-for-unsecured-creditors-employees-and-tort-victims >.
HERBERT, KIREETW . "A Critical Analysis of the Law On Corporate Personality and Its Legal Implications in Uganda; A Case for Unsecured Creditors, Employees and Tort Victims." Afribary (2022). Accessed May 02, 2024. https://afribary.com/works/a-critical-analysis-of-the-law-on-corporate-personality-and-its-legal-implications-in-uganda-a-case-for-unsecured-creditors-employees-and-tort-victims