The legal tussle between HFC bank and Republic bank of Trinidad and Tobago over moves by the latter to take over the former today commenced at a commercial court in Accra.
HFC bank wants the court to place an interlocutory injunction on the takeover.
It believes there was a breach of procedure in the execution of the Securities and Exchange Commission’s code on takeovers and mergers.
HFC bank has also hurled the Securities and Exchange Commission (SEC) to court over the matter.
The court however adjourned the case to the 23 of this month after hearing both parties this morning.
By: Vivian Kai Mensah/citifmonline.com/Ghana