CARBON COMMODITIES DMCC VRS TRUST LINK VENTURES LTD. (RPC/196/2015) [2024] GHAHC 59 (29 May 2024)

The court adopted the parties' executed Terms of Settlement as the consent judgment, making the payment schedule and enforcement provisions binding and enforceable.

Citation: CARBON COMMODITIES DMCC VRS TRUST LINK VENTURES LTD. (RPC/196/2015) [2024] GHAHC 59 (29 May 2024)
Parties: Plaintiff: Carbon Commodities DMCC; Defendant: Trust Link Ventures Ltd.
Court: ghahc
Jurisdiction: Ghana
Judgment Date: 29 May 2024
Procedural Posture: Civil (commercial) / Consent Judgment
Outcome: Consent judgment entered in accordance with the executed Terms of Settlement.
Legal Topics: Debt Settlement, Consent Judgment, Enforcement of Settlement
Source Language: eng

Commercial Law Debt Settlement Consent Judgment Enforcement of Settlement

Case Brief

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Parties

Carbon Commodities DMCC

Plaintiff

Trust Link Ventures Ltd.

Defendant

Procedural Posture

Civil (commercial) / Consent Judgment

Legal Issues

1 Whether the defendant is liable to pay the plaintiff the claimed sum under the agreed settlement terms.
2 Whether the consent judgment terms are enforceable upon default.

Ratio Decidendi

The court adopted the parties' executed Terms of Settlement as the consent judgment, making the payment schedule and enforcement provisions binding and enforceable.

Court Disposition

Consent judgment entered in accordance with the executed Terms of Settlement.

Orders

Defendant to pay Plaintiff USD$115,741.57 or its cedi equivalent as at the date of payment in four monthly instalments from May to August 2024.
First tranche of USD$50,000.00 (cedi equivalent) to be paid by end of May 2024 at Republic Bank rate.