Ghana's International Rom has won a High Court order against Vodafone Ghana for the operator's failure to settle a debt awarded against it last May, the Daily Graphic reported. This followed an exparte motion filed by the plaintiff to get Vodafone to settle the debt of over USD 11 million and GHC 170,853.08 with accrued interest.
The High Court also ordered the managing directors of Standard Chartered Bank and Barclays Bank to appear before it on 21 November to show cause why monies standing to the credit of Vodafone should not be applied to settle the judgement debt.
On 19 August 2009, International Rom filed a lawsuit against Vodafone for the illegal termination of a contract, the payment of outstanding bills with interest at prevailing bank rates for contracts executed, as well as special and general damages for breach of contract.
This followed Vodafone's decision not to continue doing business with International Rom, after Vodafone took over Ghana Telecom, and awarded a contract to Huawei. Before the takeover, Ghana Telecom had contracted International Rom to undertake contracts including the delivery, installation, testing, commissioning, maintenance and other support services for the expansion of its business.
That deal was executed, even though from time to time the telecoms company reneged on its side of the contract to provide funds on time for the projects to be executed. This had compelled International Rom to take out commercial loans to continue with the projects.
source: www.telecompaper.com
No comments:
Post a Comment