LA REAL ESTATE LTD (PLAINTIFF) vs. EAST DADEKOTOPONG DEVT. TRUST (DEFENDANT) [2018]DLHC7287

Date	2018-05-14
Suit No.	SUIT NO. RPC/345/10
Citation No.	[2018]DLHC7287

HIS LORDSHIP GEORGE K. KOOMSON (J).

JOSEPH OPOKU BOATENG FOR PLAINTIFF

L.S.N. AKUETTEH FOR DEFENDANT

[2018]DLHC7287
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													<main id="main" class="content" style="min-height: 60rem" >LA REAL ESTATE LTD<o:p></o:p>(PLAINTIFF)<o:p></o:p>vs.<o:p></o:p>EAST DADEKOTOPONG DEVT. TRUST<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;
padding:0in 0in 1.0pt 0in">

SUIT NO. RPC/345/10&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: 14TH MAY,
2018<o:p></o:p>

</div>COUNSEL: <o:p></o:p>JOSEPH OPOKU BOATENG FOR PLAINTIFF<o:p></o:p><div style="mso-element:para-border-div;border:none;border-bottom:solid windowtext 1.5pt;
padding:0in 0in 1.0pt 0in">

L.S.N. AKUETTEH FOR DEFENDANT&nbsp;&nbsp; <o:p></o:p>

</div>CORAM:<o:p></o:p>HIS
LORDSHIP GEORGE K. KOOMSON (J).<o:p></o:p><div style="mso-element:para-border-div;border-top:solid windowtext 1.5pt;
border-left:none;border-bottom:solid windowtext 1.5pt;border-right:none;
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<p class="MsoNormal" align="center" style="margin-bottom:0in;margin-bottom:.0001pt;
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>In this action,
the Plaintiff sued the Defendant for the following reliefs:<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;;
mso-ansi-language:EN-GB">(a)&nbsp;&nbsp; Payment of
USD50,000.00 or its cedi equivalent as funds advanced by the Plaintiff to the
Defendant as an initial advance under a proposed Joint Venture Agreement which
did not materialize. <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;;
mso-ansi-language:EN-GB">(b)&nbsp;&nbsp; Interest on the
said USD 50,000.00 from October, 2005 up to the date of final payment at
current bank rate.<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;;
mso-ansi-language:EN-GB">(c)&nbsp;&nbsp;&nbsp; Costs.<o:p></o:p>The Defendant
has also in a counterclaim asked for the following reliefs:<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;;
mso-ansi-language:EN-GB">1.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; General damages
for breach of contract<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;;
mso-ansi-language:EN-GB">2.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Punitive
damages for wilful misrepresentation and deceit<o:p></o:p>The case of the
Plaintiff is that it entered into a Memorandum of Understanding (MOU) with the
Defendant in October, 2005 by which the Plaintiff was to be offered 30% shares
originally allocated to NTHC in a Joint Venture Company formed between the
Defendant and NTHC Ltd in 2001.&nbsp; In
consideration of the allotment of shares, the Plaintiff contended that it was
to pay to the Defendant USD 348,000.00 or its cedi equivalent.&nbsp; The parties were to form a Joint Venture
Company with the object of developing portions of the land owned by the
Defendant in Accra and parcel out portions thereof for outright sale.<o:p></o:p>