QUANTUM OIL TERMINALS LTD (PLAINTIFF) vs. INTERNATIONAL FINANCE CORPORATION & ANOTHER (DEFENDANTS)

The instant application seeks an order of the court for interlocutory injunction to restrain the defendants from pursuing any claim or relief in any jurisdiction against the applicant and parties joined to this suit in any dispute arising from any agreement in which the parties have chosen Ghanaian law as the governing law. Attached to the application is a supporting affidavit and a statement of case. The application is opposed by the respondents as shown by their affidavit in opposition and their statement of case. The court has read the affidavits and the exhibits as well as the statement of cases filed by the parties. The court finds that in the share charge agreements and the debentures the parties agreed that the courts of Ghana shall have jurisdiction to settle any disputes or proceedings which may arise in connection with the agreement and that any judgment or order of the Ghanaian court of competent jurisdiction in connection with the agreements shall be conclusive and binding...