RATCO Civil Case No

RATCO Civil Case No

The court adopted the deed of settlement reached through mediation, marking the claims wholly settled and ordering payment as agreed.

Citation
RATCO Civil Case No
Parties
Plaintiff: RATCO Limited; 1st Defendant: Zanzibar Insurance Corporation; 2nd Defendant: CRDB Bank PLC; 3rd Defendant: Tahmeed Coach TZ Limited; 4th Defendant: C. Steinweg Bridge (Pty) Ltd
Court
TANZLII
Jurisdiction
Tanzania
Judgment Date
1 January 2024
Procedural Posture
Civil / Consent Judgment
Outcome
matter settled by consent judgment
Legal Topics
Settlement, Indemnity, Breach of Contract, Damages, Mediation
Source Language
English
Insurance Contract Commercial Settlement Indemnity Breach of Contract Damages Mediation

Case Brief

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Parties

RATCO Limited

Plaintiff

Zanzibar Insurance Corporation

1st Defendant

CRDB Bank PLC

2nd Defendant

Tahmeed Coach TZ Limited

3rd Defendant

C. Steinweg Bridge (Pty) Ltd

4th Defendant

Procedural Posture

Civil / Consent Judgment

Legal Issues

  1. 1 Whether the defendants breached the insurance contract by failing to indemnify the plaintiff
  2. 2 Whether the 3rd defendant illegally deducted funds from the plaintiff
  3. 3 Liability for importation and exportation requirements of chemicals

Ratio Decidendi

The court adopted the deed of settlement reached through mediation, marking the claims wholly settled and ordering payment as agreed.

Court Disposition

matter settled by consent judgment

Orders

  • 1st defendant to pay plaintiff US$74,806 in two equal installments within 2 months
  • Payment to be deposited in CRDB Bank account of RATCO Limited