KWESI LIVINGSTONE vs. KEN KWAKU & 2 OTHERS [2016]DLHC9062

Date	2016-10-10
Suit No.	SUIT NO. MISC/0048/16
Citation No.	[2016]DLHC9062

JUSTICE JENNIFER ABENA DADZIE

ALBERT QUASHIGAH ESQ. OF KASSER LAW FIRM ACCRA COUNSEL FOR APPLICANT/RESPONDENT

ANDREW MERCER ESQ. OF PEECHTREE CHAMBERS ACCRA COUNSEL FOR 1ST AND 2ND RESPONDENTS

SAMUEL AGYEI-GYANG ESQ. OF McOTTLEY HOLDINGS LTD. COUNSEL FOR 3RD RESPONDENT

[2016]DLHC9062
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													<main id="main" class="content" style="min-height: 60rem" >KWESI
LIVINGSTONE<o:p></o:p>(APPLICANT)<o:p></o:p>vs.<o:p></o:p>KEN KWAKU &amp; 2 OTHERS<o:p></o:p>(RESPONDENT)<o:p></o:p>[HIGH COURT, ACCRA]<o:p></o:p><div style="mso-element:para-border-div;border:none;border-bottom:solid windowtext 1.5pt;
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<p class="MsoNormal" align="center" style="margin-bottom:0cm;margin-bottom:.0001pt;
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padding:0cm;mso-padding-alt:0cm 0cm 1.0pt 0cm">SUIT NO. MISC/0048/16&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; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;DATE: 10TH OCTOBER, 2016<o:p></o:p>

</div>COUNSEL:<o:p></o:p>ALBERT QUASHIGAH,
ESQ., OF KASSER LAW FIRM, ACCRA, COUNSEL FOR APPLICANT/RESPONDENT<o:p></o:p>ANDREW MERCER,
ESQ., OF PEECHTREE CHAMBERS, ACCRA, COUNSEL FOR 1ST AND 2ND
RESPONDENTS<o:p></o:p><div style="mso-element:para-border-div;border:none;border-bottom:solid windowtext 1.5pt;
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SAMUEL
AGYEI-GYANG, ESQ., OF McOTTLEY HOLDINGS LTD., COUNSEL FOR 3RD RESPONDENT<o:p></o:p>

<p class="MsoNormal" align="center" style="margin-bottom:0cm;margin-bottom:.0001pt;
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</div><o:p>&nbsp;</o:p>The
Applicant/Respondent, is a former Chief Executive Officer of the 3rd
Respondent/Applicant Company who asserts that he is a member of the 3rd
Respondent/Applicant Company (hereinafter, the “Company”) holding 50% of the
issued shares of the Company and the subsidiaries under it, while the remaining
50% of the shares of the Company is held by the 2nd
Respondent/Applicant.&nbsp; The 1st
Respondent/Applicant is the Chairman of the Board of Directors of the
Company.&nbsp; The Company is a limited
liability company registered under the laws of Ghana to give financial
assistance and management support to its wholly-owned subsidiaries that are
engaged in the management of investor funds, money lending, property management
and real estate development under its various subsidiaries namely McOttley
Capital, McOttley Money Lending and McOttley Properties, according to the
Applicant/Respondent.<o:p></o:p><o:p>&nbsp;</o:p>[1]&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; PROCEDURAL
BACKGROUND<o:p></o:p>The
Applicant/Respondent on May 5, 2016, filed with the Registry of this Court, a
notice of motion praying for declaratory reliefs and injunctive orders against
the Respondents/Applicants, who according to him, were perpetuating acts of
irregularity and illegality in the name of the Company under Sections
217 and 218 of the Companies Act, 1963, Act 179 (hereinafter, the
“Companies Act”).&nbsp; It may be prudent here
to set out in extenso the specific claims put forth by the Applicant/Respondent
to provide a better understanding of the issues presented in the context of the
present application to dismiss same filed by the Respondents/Applicants
herein.&nbsp; These reliefs are as follows:<o:p></o:p><p class="MsoListParagraphCxSpFirst" style="margin-top:0cm;margin-right:0cm;
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text-align:justify;text-indent:0cm;line-height:150%;mso-list:l0 level1 lfo1">(i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
A declaration that the call made on
Applicant’s shares in third Respondent valued at GH¢727, 027.00 and dated
September 4, 2015 is irregular and same is invalid.<o:p></o:p><p class="MsoListParagraphCxSpMiddle" style="margin-top:0cm;margin-right:0cm;
margin-bottom:0cm;margin-left:1.0cm;margin-bottom:.0001pt;mso-add-space:auto;
text-align:justify;text-indent:0cm;line-height:150%;mso-list:l0 level1 lfo1">(ii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
A declaration that the unilateral
exercise of shareholders’ right to appoint directors of 3rd
Respondent is unlawful and that all such appointments are invalid.<o:p></o:p><p class="MsoListParagraphCxSpMiddle" style="margin-top:0cm;margin-right:0cm;
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