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DANIEL OFORI
V.
ECOBANK GHANA LIMITED, SECURITIES AND EXCHANGE COMMISSION AND GHANA STOCK EXCHANGE

(2019) JELR 68900 (SC)

Supreme Court 27 Feb 2019 Ghana
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- The Applicant in this case filed a review application to challenge the judgment of the ordinary bench rendered on July 25, 2018. - The case involved a dispute over the settlement of a trade in CAL Bank shares. - The High Court held that t

Case Details

Suit Number:CIVIL MOTION NO. J7/22/2018
Judges:DOTSE JSC (PRESIDING), YEBOAH JSC, BAFFOE-BONNIE JSC, APPAU JSC, PWAMANG JSC, MARFUL-SAU JSC, DORDZIE (MRS.) JSC
Counsel:THADDEUS SORY FOR THE APPLICANT; DR. ATUPARE FOR THE 1ST RESPONDENT LED BY AMA AMPONSA,NII O. BADOO FOR THE 3RD RESPONDENT.

RULING

DOTSE, JSC

In this review application, the Applicant herein, who was the Plaintiff/Appellant/Appellant therein in Civil Appeal No. J4/11/2016 has prayed for a review of the judgment of the ordinary bench rendered on the 25th day of July 2018.

BRIEF FACTS

The facts of this case admit of no controversies whatsoever. In brief, the case of the Applicant is that, following confusion which involved 14, 130,000 CAL Bank shares in which the Applicant traded in through his Brokers, at the Ghana Stock Exchange, matters came to a crescendo as a result of which the Applicant issued a writ at the High Court, following inability to settle the confusion and or differences therein. It must be noted that, at the centre of the confusion was the question whether the trade in the 14, 130,000 CAL Bank shares between Applicant and the other sellers through their Broker, Databank, had been settled as at the time of the suspension or that it had failed completely.

Following the failure of the Securities a…

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