Woyome to pay back the judgement debt, a decision which followed the then Attorney General and presently Special Prosecutor, Martin Amidu's contest on the legitimacy of the imbursement of the judgment debt
The relevant legislative provisions aim to secure the property of the judgment debtor, to remain available for the enforcement of the court judgment and the satisfaction of the judgment debt
. The Supreme Court, in a judgment issued on 28.9.2018, states that the court can annul a fraudulent transfer and can order the cancellation of the registration and the re-registration of the property in the name of the debtor, with the simultaneous registration of the judgment debt
as a charge over the property.
The defendants were ordered to pay the judgment debt
of $212 million by June 26, 2014, but Mr.
Batelco Group, the Bahrain-based international telecommunications group with operations across 14 countries, has demanded full payment of the judgment debt
totalling $212 million awarded by the English High Court of Justice against Chinnakannan Sivasankaran and Siva Limited (the defendants) following successful litigation in England.
The Question: Does the anti-alienation provision of the Employee Retirement Income Security Act (ERISA) apply even in cases where the participant owes a judgment debt
to his employer?
"There were shares which could be sold to pay off some of the judgment debt
, but the value of the shares had significantly reduced leaving somewhat of a deficit owing to the creditors.
He said: "Should the families be successful in their civil action and obtain an award of damages, they can then seek satisfaction of that judgment debt
"There is neither statutory nor constitutional justification for the release of the 150 million dollars now in escrow to pay the judgment debt
of the Marcos estate," the Sandiganbayan ruled in its 32-page resolution.
It will be recalled that in a decision of February 27, 2019 in Appeal No:SC.694/2014 between Guaranty Trust Bank PLC v Innoson Nig Ltd, the Supreme Court was said to have dismissed GTB's appeal against the Court of Appeal's judgment which ordered GTB to pay the judgment debt
which with accrued interest is as at today over N9Billion.
An Accra High Court, presided over by Justice Olivia Obeng Owusu, has struck out the case filed by the reshuffled Minister for Tourism, Catherine Afeku, against three Americans and a Ghanaian seeking an order for the recovery of all sums paid to them (defendants) in satisfaction of a judgment debt
Where the Department of Labor obtained a pre-bankruptcy judgment against a debtor in a case arising under ERISA and the department sought to have the judgment debt
declared nondischargeable, summary judgment for the department is affirmed because the findings supported the conclusion that the debtor committed defalcation when he chose to use plan assets to pay himself and other corporate expenses instead of remitting those assets to a healthcare benefits provider.