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Rwanda decisions
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The Court of Appeal held that meeting minutes did not replace earlier contracts and upheld joint liability for repayment of the respondents’ investment.
The 30,000,000 Frw cheque dated 30/10/2019 was part of the previously agreed 48,000,000 Frw debt and not an additional debt; the 8,500,000 Frw cheque dated 06/06/2019 was unrelated to the tender and should not be included in the debt. Profits and interests from the tender must be distributed equally between NFCS Ltd. and Gasirikare Evariste after deducting the principal investment. Gasirikare Evariste's claim for 18% economic damages was inadmissible as it was raised for the first time at the appellate level. Each party should bear its own legal costs at this stage, but previous orders for pr…
Source excerpt
The Supreme Court held that VAT was lawfully assessed on goods delivered by Intertrade F&C Ltd, dismissing its appeal and affirming the lower court.
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