An Accra high court hearing the case in which a shareholder of HFC Bank has filed a stay of execution to suspend the much anticipated Extraordinary General Meeting (EGM) has set Monday February 9 to rule on the case.
This comes after the lawyer of the shareholder, Robert Yartey argued that the authority, he, quoted in the case was right and insists that, he also has the license to operate in Ghana.
Arguing their case lawyer for Republic Bank of Trinidad and Tobago and Social Security and National Insurance Trust (SSNIT) challenged the authority quoted and the standing of the Lawyer Robert Yartey in the law profession in Ghana.
He also asked for the case to be dismissed and punitive cost awarded against the applicant shareholders of the HFC bank.
[contextly_sidebar id=”JpMjwCh4WGG3oXfpVCcrUNwWSAnr8JAk”]But Lawyer for the shareholder of HFC Bank Robert Yartey said he was confident the case will be ruled in their favour adding he was duly licensed to practice in Ghana.
“Well I have presented my arguments and I think that the court will take consideration of it because these are basically issues of law which the court have to determine and its depends on how the court sees it.
I am confident the court will rule in our favour.”
Robert Yartey in an exclusive interview with Citi Business News rejected the assertion that he did not have the license to practice saying that the court would not have heard his case.
“I have a license and I have exhibited it and even at the time that I filled the stay of execution I had my license but only that I did not quote my license number. If I did not have a license I would not have been heard today but subsequently had to file a paper indicating that I did have a license.”
Speaking to Citi Business News after the case the Director of African Operations at Republic Bank of Trinidad and Tobago Robert Le Hunte said he was satisfied with the argument made by their Counsel and was confident it will go in their favour to allow for the Extraordinary General Meeting (EGM) to come on.
“We are very confident with our legal team that we have in this matter and we are confident that the outcome would result in shareholders being able to exercise their right of holding a meeting.”
The EGM has been suspended twice as SSNIT leads a campaign for the removal and replacement of three directors of HFC Bank.
By: Norvan Acquah – Hayford/Citifmonline.com/Ghana