DONEWELL LIFE COMPANY LIMITED vs. EM CAPITAL PARTNERS LIMITED [2018]DLHC5436

Date	2018-10-15
Suit No.	SUIT NO: GJ/109/2017
Citation No.	[2018]DLHC5436

JUSTICE KWEKU T. ACKAAH- BOAFO

MR. JOHN DARKO WITH REGINA MARTIN-PEPRAH FOR THE PLAINTIFF

KWABENA GYAMFI NIMAKOH FOR THE DEFENDANT

[2018]DLHC5436
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													<main id="main" class="content" style="min-height: 60rem" >DONEWELL LIFE COMPANY LIMITED <o:p></o:p>(PLAINTIFF)<o:p></o:p>vs.<o:p></o:p>EM CAPITAL PARTNERS LIMITED <o:p></o:p>(DEFENDANT)<o:p></o:p>[HIGH COURT (GENERAL JURISDICTION 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: GJ/109/2017&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: 15TH OCTOBER,
2018<o:p></o:p>

</div>COUNSEL:<o:p></o:p>MR. JOHN DARKO WITH REGINA
MARTIN-PEPRAH 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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KWABENA
GYAMFI NIMAKOH FOR THE DEFENDANT <o:p></o:p>

</div>CORAM: <o:p></o:p><div style="mso-element:para-border-div;border:none;border-bottom:solid windowtext 1.5pt;
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</div><o:p>&nbsp;</o:p><div style="mso-element:para-border-div;border:none;border-bottom:solid windowtext 1.5pt;
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JUDGMENT<o:p></o:p>

</div>i.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Introduction<o:p></o:p>[1]&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; The focus of this trial
was on the claim by Donewell Life Company Limited, the Plaintiff, for payment
of GH¢1,826,426.26 being the proceeds of
an investment made with the Defendant, E.M. Capital Partners Limited together
with interest at the rate of 32% from 24th January 2017 till the date of final payment.
Principally, the Plaintiff accuses the Defendant of breach of contract.<o:p></o:p><o:p>&nbsp;</o:p>[2]&nbsp;&nbsp;
&nbsp;&nbsp; &nbsp;&nbsp; &nbsp;&nbsp; &nbsp;&nbsp; Other issues for trial
were:<o:p></o:p>(i)&nbsp;&nbsp;
&nbsp;&nbsp;whether or not an agreement was entered into between the parties
that the Plaintiff’s investment be given to a third party as a loan during the
investment period;<o:p></o:p>(ii)&nbsp;&nbsp;
&nbsp;&nbsp; whether or not the parties agreed that the Plaintiff waives any
action for the recovery of the Plaintiff’s investment until the Defendant
recovers the amount from the third party; and<o:p></o:p>(iii)&nbsp;&nbsp;
&nbsp;&nbsp; whether or not the Plaintiff is entitled to its reliefs as
endorsed on its Writ of&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Summons
and Statement of Claim.<o:p></o:p><o:p>&nbsp;</o:p>ii.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; The Action<o:p></o:p>[3]&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Per
a writ of summons sealed in this Registry on 30th day of January, 2017 the
Plaintiff claims against the Defendant the following judicial reliefs set out
here below:<o:p></o:p><o:p>&nbsp;</o:p><!--[if</main>