QUANTUM OIL TERMINALS LTD (PLAINTIFF) vs. INTERNATIONAL FINANCE CORPORATION & ANOTHER (DEFENDANTS) [2018]DLHC7343

QUANTUM OIL TERMINALS LTD (PLAINTIFF) vs. INTERNATIONAL FINANCE CORPORATION & AN... [2018]DLHC7343

Date	2018-02-23
Suit No.	SUIT NO: MISC/00228/17
Citation No.	[2018]DLHC7343

HIS LORDSHIP SAMUEL K. A. ASIEDU J.

ALEX OSEI WUSU ESQ. FOR PLAINTIFF /APPLICANT.

JOSEPH K. KONADU ESQ. FOR DEFENDANTS/RESPONDENTS.

[2018]DLHC7343
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													<main id="main" class="content" style="min-height: 60rem" >QUANTUM OIL TERMINALS
LTD<o:p></o:p>(PLAINTIFF)<o:p></o:p>vs.<o:p></o:p>INTERNATIONAL FINANCE
CORPORATION &amp; ANOTHER<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: MISC/00228/17&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &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: 23RD FEBRUARY, 2018<o:p></o:p>

</div>COUNSEL: <o:p></o:p>ALEX OSEI WUSU ESQ., FOR
PLAINTIFF /APPLICANT.<o:p></o:p><div style="mso-element:para-border-div;border:none;border-bottom:solid windowtext 1.5pt;
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JOSEPH
K. KONADU ESQ., FOR DEFENDANTS/RESPONDENTS.<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;
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</div>The
instant application seeks an order of the court for interlocutory injunction to
restrain the defendants from pursuing any claim or relief in any jurisdiction
against the applicant and parties joined to this suit in any dispute arising
from any agreement in which the parties have chosen Ghanaian law as the
governing law. Attached to the application is a supporting affidavit and a
statement of case. The application is opposed by the respondents as shown by
their affidavit in opposition and their statement of case.<o:p></o:p>The
court has read the affidavits and the exhibits as well as the statement of
cases filed by the parties. The court finds that in the share charge agreements
and the debentures the parties agreed that the courts of Ghana shall have
jurisdiction to settle any disputes or proceedings which may arise in
connection with the agreement and that any judgment or order of the Ghanaian
court of competent jurisdiction in connection with the agreements shall be
conclusive and binding on the parties.<o:p></o:p>It has been argued on behalf of the respondents
that the jurisdiction given or agreed upon in the agreements is not exclusive
and that the respondents reserve the right to institute actions in other
forums. That may well be so but to the extent that the parties have also
contracted that the agreements shall be governed and construed in accordance
with the laws of Ghana, this court is of the opinion that no court in any
jurisdiction is better placed to construe and apply the laws of the Republic of
Ghana than a Ghanaian court of competent jurisdiction. Accordingly, the
application would be granted as prayed.&nbsp; &nbsp;<o:p></o:p>

There will be no order as to cost.<o:p></o:p></main>