EASTERN ALLOYS COMPANY LTD (PLAINTIFF) vs. CHIRANO GOLD MINES LTD (DEFENDANT) [2016]DLHC7362

Date	2016-02-12
Suit No.	SUIT NO: BDC/23/2010
Citation No.	[2016]DLHC7362

HIS LORDSHIP SAMUEL K. A. ASIEDU J.

MR. FELIX QUARTEY FOR THE PLAINTIFF

MR. DANIEL SEGU OSEI FOR THE DEFENDENAT WITH HIM FRANCIS OFFEN

[2016]DLHC7362
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													<main id="main" class="content" style="min-height: 60rem" >EASTERN ALLOYS COMPANY LTD<o:p></o:p>(PLAINTIFF)<o:p></o:p>vs.<o:p></o:p>CHIRANO GOLD MINES LTD<o:p></o:p>(DEFENDANT)<o:p></o:p>[HIGH COURT (COMMERCIAL DIVISION), ACCRA]<o:p></o:p><div style="mso-element:para-border-div;border:none;border-bottom:solid windowtext 1.5pt;
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SUIT
NO:&nbsp; BDC/23/2010&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;DATE:
12TH FEBRUARY, 2016<o:p></o:p>

</div>COUNSEL: <o:p></o:p>MR. FELIX QUARTEY FOR THE
PLAINTIFF <o:p></o:p><div style="mso-element:para-border-div;border:none;border-bottom:solid windowtext 1.5pt;
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MR.
DANIEL SEGU OSEI FOR THE DEFENDENAT WITH HIM FRANCIS OFFEN <o:p></o:p>

</div>CORAM:<o:p></o:p>HIS LORDSHIP SAMUEL K. A. ASIEDU,
J.<o:p></o:p><div style="mso-element:para-border-div;border-top:solid windowtext 1.5pt;
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<p class="MsoNormal" align="center" style="margin-bottom:0in;margin-bottom:.0001pt;
text-align:center;border:none;mso-border-top-alt:solid windowtext 1.5pt;
mso-border-bottom-alt:solid windowtext 1.5pt;padding:0in;mso-padding-alt:1.0pt 0in 1.0pt 0in">RULING<o:p></o:p>

</div>The instant application seeks an order from the
court to “set aside the Entry of Judgment filed by the Plaintiff/Respondent on
the 24th day of November, 2014 and to stay execution of the judgment
of the High Court dated the 13th day of October, 2014 pending the
final determination of the application to set aside the Entry of Judgement upon
the grounds contained in the accompanying affidavit”.<o:p></o:p>The grounds relied upon by the applicant are
particularly stated in paragraphs 12, 13 and 14 and generally in paragraphs 15,
16 and 17 of the supporting affidavits:<o:p></o:p>12.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; That the Respondent has endorsed on the said Entry of
Judgement “Damages for compensation” in the sum of One Million Three Hundred
and Fifty Thousand United States Dollars (USD1,350,000.00) and “Interest at
commercial rate from 5th November 2009 to date of final payment” in
the sum of One Million, Six Hundred and Eighty Seven Thousand, Five Hundred
United States Dollars (USD1,687,500.00).<o:p></o:p>13.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; That I am advised by Counsel and verily believe same to be
true that the sum of Three Million and
Thirty Seven Thousand, Five Hundred United States Dollars (USD3, 037,500.00),
which the Respondent endorsed on its Entry of Judgment as being the judgment
sum and interest due the Respondent as at 24th November, 2014 is
excessive and an inflation of the sum properly due and payable to the
Respondent per the judgment of 13th October, 2014.<o:p></o:p>14.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; That I am further advised by Counsel and verily believe same
to be true that the endorsement on the Respondent’s Entry of Judgement of
“Interest at commercial rate from 5th November, 2009 to date of
final payment” is an endorsement at large such that the failure of the
Respondent to disclose on its Entry of Judgment the cut–off date at which the
interest was calculated renders the Entry of Judgment void.<o:p></o:p>15. &nbsp;&nbsp;&nbsp;&nbsp;&nbsp; That I am advised by Counsel and verily believe same to be true
that by the failure of the Respondent to
indicate on its Entry of Judgment the period up to which the interest was
calculated, the Respondent is seeking to exact payment from the Applicant which
is far in excess of what is due to it per the judgment of this Honourable
Court.<o:p></o:p>16.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; That I am again advised by Counsel and verily believe same to
be true that in the circumstances of the present application, this Honourable
Court ought to stay execution of the judgement of 13th October, 2014
pending the determination of the application to set aside the Entry of Judgment
on the grounds canvassed supra.<o:p></o:p>17.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; That I am yet again advised by Counsel and verily believe same
to be true that if execution of the
judgment of 13th October, 2014 is not stayed, the Respondent will go
into execution on the back of an erroneous Entry of Judgment and thereby
unjustly enrich itself.<o:p></o:p>In summary the applicant’s reasons for seeking to
set aside the Entry of Judgment exhibit JA6 are that:<o:p></o:p><span lang="EN-GB" style="font-size:12.0pt;line-height:115%;font-family:&quot;Book Antiqua&quot;,&quot;serif&quot;;
mso-fareast-font-family:&quot;Book Antiqua&quot;;mso-bidi-font-family:&quot;Book Antiqua&quot;">(a)&nbsp;&nbsp;
&nbsp;The sum of USD3, 037,500 endorsed on the Entry
of Judgment is excessive and an inflation of the sum properly due and payable
to the Respondent, vis-à-vis the judgement of 13th October, 2014.<o:p></o:p><span lang="EN-GB" style="font-size:12.0pt;line-height:115%;font-family:&quot;Book Antiqua&quot;,&quot;serif&quot;;
mso-fareast-font-family:&quot;Book Antiqua&quot;;mso-bidi-font-family:&quot;Book Antiqua&quot;">(b)&nbsp;&nbsp;
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