GEORGE SEVOR VS GRACE SEVOR & ORS
January 17, 2019
HIGH COURT
GHANA
CORAM
- HIS LORDSHIP JUSTICE NICHOLAS M. C. ABODAKPI
Areas of Law
- Probate and Succession
- Civil Procedure
- Alternative dispute resolution
January 17, 2019
HIGH COURT
GHANA
CORAM
AI Generated Summary
In Suit No. GJ/113/2018 before the High Court, the family of the late R. K. Sevor settled their dispute over Rasco Hotel in Madina via Court Connected ADR. All thirteen siblings were beneficiaries of the hotel. Five—George, Gordon, Christiana, Alberta, and Margaret Sevor—agreed to relinquish their interests through the estate’s administrator, George Sevor. The remaining eight—Doris, Lydia, Jaqueline, Riata, Evelyn, Cynthia, Rose, and Lawrencia Sevor—agreed to purchase those interests through administrator Lydia Favour Sevor. A certified valuer assessed the hotel at GH¢755,000, yielding GH¢58,076 per beneficiary. Selling siblings would vacate upon payment and have no further involvement with the property. Justice Nicholas M. C. Abodakpi adopted the mediated terms as a consent judgment, directed the buyout, affirmed the valuation and entitlements, struck out the case as settled, and made no order as to costs.
ERMS OF SETTLEMENT WHEREAS:
A) The parties herein to this action pending before the High Court in the matter titled GEORGE SEVOR VS DORIS SEVOR, FAVOUR SEVOR and PROSPER ODUM with Suit No. GJ/113/2018 have agreed to settle the issue amicably at Court Connected ADR; B) Pursuant to that desire, both parties mentioned above compromised to resolve their conflict at a mediation conference to which they agreed on the following terms as final resolution of the matter: (1) That the parties are thirteen siblings who are all beneficiaries of Rasco Hotel located at Madina in the greater Accra Region an estate bequeathed to them by their late father R. K. Sevor.
That five of the beneficiaries namely George Sevor, Gordon Sevor, Christiana Sevor, Alberta Sevor and Margaret Sevor have agreed to relinguish their interest in the aforementioned property through George Sevor the administrator of the estate of R. K. Sevor.
At the mediation confence, parties agreed that the property in question be valued by a certified valuer to enable the eight siblings namely Doris Sevor, Lydia Sevor, Jaqueline Sevor, Riata Sevor, Evelyn Sevor, Cynthia Sevor, Rose Sevor, and Lawrencia Sevor purchase the interest of the other 5 aforementioned siblings who have expressed their disinterest in the property through Lydia Favour Sevor the administrator of the estate of R. K. Sevor.
That the property was valued at GH¢755, 000. 00 and each beneficiary is entitled to GH¢58, 076. 00.
Both parties have further agreed that those siblings who have sold out their interest in the Hotel shall vacate the premise immediately after payment is made to them and would have nothing to do with the property in their lifetime.
IT IS ALSO AGREED THAT the terms of settlement contained herein shall be adopted by this Honourable Court as Consent Judgment.
BY COURT: CO N S E N T J U D G M E N T 1. The terms of settlement document has been duly executed by parties and their representatives and it on this Court’s record.
I accordingly enter Consent Judgment in favour of parties in accordance of the terms agreed on at settlement.
The eight siblings mentioned in paragraph 3, shall buy out the interest of the other five siblings mentioned in paragraph 2 of the Terms of Settlement document.
The value of the subject matter namely RASCO HOTEL has been determined as worth GH¢755, 000. 00 and what every party is entitled to has also be determined.
This case is therefore struck out as settled.
2. There is