RIASAND VENTURES LTD vs. NOBLE GOLD BIBIANI LTD

ANIN YEBOAH JSC:- My Lords, this interlocutory is from the ruling of the Court of Appeal, Accra dated the 28/1/2015. The legal point to be determined by us appears to be simple but to appreciate the reasons for our decision I will proceed to briefly state the facts in this interlocutory appeal. The appellant commenced an action at the Fast Track Division of the High Court, Accra, in 2013 in a suit titled: RIASAND VENTURES LTD v NOBLE GOLD BIBIANI LTD for recovery of certain sums of money from the respondent, a company incorporated in Australia as Noble Minerals Resources wholly owned NOBLE MINING GHANA LTD AND DRILLING AND MINING SERVICES LTD which are registered in Ghana as Ghanaian companies. Noble Mining Ghana Ltd is the sole shareholder of the respondent in this appeal. The three subsidiary companies which for purpose of brevity and convenience was referred to by counsel for the respondent as “Scheme Companies”. As the “scheme companies” continued to experienc...