Monrovia – The Supreme Court has ordered the Civil Law Court of the Sixth Judicial Court in Montserrado County to enforce its (Civil Law Court) judgment against the Guaranty Trust (GT) Bank in 2019. In the case “Management of Doramart Trade Limited vs the Management of GT Bank of Liberia, the Civil Law Court, in May 2019 ordered GT Bank to issue Doramart Trade Limited (DTL) a letter of credit. In other words, the court mandated GT Bank to grant DTL credit facility to import its merchandised products from abroad, but since the ruling of the court, the bank has refused to honor the terms and conditions as contained in the credit facility agreement. Because the Judge who gave the ruling was re-assigned, DTL filed a Writ of Mandamus to the Supreme Court before Justice Nagbe who issue the Writ. Following the reading of the Supreme Court’s mandate, the civil law Court B presided over by Judge Scheaplor R. Dumbah issued a Court Order, mandating GT-Bank to issue comply within 15 days.

Source: Front Page Africa April 10, 2020 22:41 UTC