Ghanaian CDMA operator Kasapa Telecom yesterday issued a press release noting that the Court of Appeal has reversed, by a unanimous decision, the 25 April 2007 ruling of the Accra Fast Track High Court, in the case of Kludjeson International Limited versus Robert N. Palitz (Kasapa’s managing director), Lung Hien Ching (Kasapa’s former CFO), Trustee Services Limited (Kasapa’s former company secretary) and the Attorney General.
In its ruling, the Court of Appeal upheld each of the eleven grounds of appeal, and, significantly, adjudged that Mr Palitz, Mr Lung, and Trustee Services had all been properly appointed to their respective positions, and that all actions taken, including the change of company name from ‘Celltel’ to ‘Kasapa’ and the acceptance of a shareholder loan, were properly done and completely valid. The court awarded costs to each of the first three defendants.
Back in May 2007 Kasapa Telecom strenuously refuted the Accra Fast Track High Court ruling that the appointment of its managing director and chief financial officer, was done inappropriately and that the name of the company should be changed back to its original name, Celltel. At the time it published a press release titled ‘The Facts of the Matter’, in which it said it was vital that it responded to the ‘deliberate and malicious spread of misinformation about the judgement of the High Court on 25 April 2007 in the case of Kludjeson International Limited (KIL) vs Robert Palitz and 3 others’.