{"id":141488,"date":"2015-08-07T10:09:34","date_gmt":"2015-08-07T10:09:34","guid":{"rendered":"http:\/\/4cd.e16.myftpupload.com\/?p=141488"},"modified":"2015-08-07T10:53:23","modified_gmt":"2015-08-07T10:53:23","slug":"unicof-seeks-injunction-on-adb-ipo-at-supreme-court","status":"publish","type":"post","link":"https:\/\/citifmonline.com\/2015\/08\/unicof-seeks-injunction-on-adb-ipo-at-supreme-court\/","title":{"rendered":"UNICOF seeks injunction on adb IPO at Supreme Court"},"content":{"rendered":"
[contextly_sidebar id=”oatH7ppHZcxyu3mxfWcLCissOD9DWguu”]The motion on notice is seeking an order of interlocutory injunction to restrain the defendant ADB, their agents, assigns, privies and or contractors from proceeding with continuing, or resuming the sale of the shares of the bank pending final determination of the suit filed at the court.<\/p>\n
The new motion for an order of interlocutory injunction has ADB as the 1st defendant and the Attorney General and minister of Justice as the 2nd defendant.<\/p>\n<\/div>\n
That while this matter is pending before this honourable court and is yet to be decided by the court the 1st Defendant is selling its shares in gross disregard of the pendency suit.<\/p>\n
Therefore if ADB was not restrained pending the determination of the matter by this court will complete the exercise and or honour the two agreements and overreach them of this action and render same otiose, nugatory and moot, as it will be impracticable to reverse the situation in the likely event that the plaintiff\u2019s claim are upheld by this honourable court.<\/p>\n
Lawyer for UNICOF Charles Bawaduah has been speaking to Citi Business News insisting that the union was only making that the right thing was done.<\/p>\n
“My client is seeking to ensure that the employees shares is not sold which is the subject of contention and the MOU’s signed with the two foreign companies also in our opinion needed parliamentary approval before it can be rectified.”<\/p>\n
By: Norvan Acquah-Haford\/citifmonline.com\/Ghana<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"
Barely 24 hours after the Labour division of an Accra High Court threw out an application for interlocutory injunction filed by Union of Commerce, Industry and Finance workers (UNICOF) to stop moves by the management of Agricultural Development Bank (ADB) to list on the stock exchange, Citi Business News has sighted another writ filed at […]<\/p>\n","protected":false},"author":20,"featured_media":119499,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[2,19],"tags":[4],"yoast_head":"\n