RAND REFINERY PTY LTD vs. ASAP VASA COMPANY LTD AND 4 OTHERS [2017]DLHC6271

Date	2017-05-09
Suit No.	Suit No. RPC/280/14
Citation No.	[2017]DLHC6271

JENNIFER DODOO (MRS)

VICTOR ANKU-TSEDE FOR PLAINTIFF

ROBERTSON KPATSA FOR DEFENDANTS

[2017]DLHC6271
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													<main id="main" class="content" style="min-height: 60rem" >RAND REFINERY PTY LTD<o:p></o:p>{PLAINTIFF}<o:p></o:p>vs.<o:p></o:p>ASAP VASA COMPANY LTD AND 4 OTHERS<o:p></o:p>{DEFENDANTS}<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. RPC/280/14&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: 9TH MAY 2017<o:p></o:p>

</div>COUNSEL:
<o:p></o:p>VICTOR ANKU-TSEDE FOR PLAINTIFF<o:p></o:p><div style="mso-element:para-border-div;border:none;border-bottom:solid windowtext 1.5pt;
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ROBERTSON KPATSA FOR DEFENDANTS<o:p></o:p>

</div>CORAM:&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <o:p></o:p>JENNIFER DODOO (MRS) JUSTICE OF THE
HIGH COURT<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="text-align:center;line-height:115%;
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">JUDGMENT<o:p></o:p>

</div><o:p>&nbsp;</o:p>The Plaintiff, a limited liability
company registered in South Africa claimed against the 1st
Defendant, a gold refinery company registered in Ghana and its 4 directors and
shareholders, the 2nd, 3rd, 4th and 5th
Defendants jointly and severally, the following reliefs:<o:p></o:p><o:p>&nbsp;</o:p>a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Repayment of the debt in an amount
of $8,667,493.01<o:p></o:p>b)&nbsp;&nbsp;&nbsp;&nbsp; Payment of accrued interest and
default interest in the amount of $132,211.25<o:p></o:p>c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Payment of interest at the publicly
quoted prime interest rate of the US Federal Bank plus 2% calculated and
compounded from 25th May 2014 until the date of final payment of the
debt.<o:p></o:p>d)&nbsp;&nbsp;&nbsp;&nbsp; Payment of default interest at the
publicly quoted prime interest rate of the US Federal Reserve Bank plus 5%
compounded from 25 May 2014 until the date that it is actually paid.<o:p></o:p>e)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; An order for the appointment of a
Receiver to sell the assets and shares in the 1st Defendant charged
by the Mortgage, Fixed Charge and Share Charge and to receive any monies
receivable as a result of the sale.<o:p></o:p>f)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Damages for breach of contract.<o:p></o:p>g)&nbsp;&nbsp;&nbsp;&nbsp; Legal fees<o:p></o:p>h)&nbsp;&nbsp;&nbsp;&nbsp; Costs and <o:p></o:p>i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Such further or other relief(s) as
the Court may seem fit.<o:p></o:p><o:p>&nbsp;</o:p>It was the Plaintiff’s case a</main>