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MABANI SEVEN COMPANY LIMITED vs STAR ASSURANCE COMPANY LIMITED & 4 ORS.

February 18, 2019

HIGH COURT

GHANA

CORAM

  • HIS LORDSHIP JUSTICE GEORGE K. KOOMSON

Areas of Law

  • Civil Procedure
  • Contract Law
  • Commercial Law
  • Construction Law
  • Insurance Law

AI Generated Summary

This High Court of Ghana ruling, by Justice George K. Koomson, addresses Mabani Seven Company Limiteds application for summary judgment against five insurance companies who issued advance payment on-demand bonds to secure MSF Engenharia S.A.s performance under a construction contract in Accra. The bonds, covering hotel, retail, and residential components, obligated Star Assurance, Vanguard Assurance, Metropolitan Insurance, Regency Alliance Insurance, and Phoenix Insurance to pay specified USD sums upon Mabani Sevens first demand. The Defendants resisted, raising fraud allegations and, in the 4th Defendants case, initiating third-party proceedings. The court analyzed Order 14 summary judgment standards, contract interpretation rules, and the autonomous, on-demand nature of performance bonds, relying on Ghanaian and English authorities. It held the sureties obligations were independent of underlying disputes between Mabani Seven and MSF, found no triable defence, rejected reliance on Order 14 rule 12, and concluded third-party proceedings could not negate liability. Summary judgment and costs were awarded against each Defendant.

RULING