Rédaction Africa Links 24 with Timo Shihepo
Published on 2024-04-14 06:00:00
United Africa Group’s lawyer, Boris Isaacks, has refuted claims that the company’s founder, Haddis Tilahun, directly instructed clients to cease business dealings with Erongo Petroleum. This statement came in response to an article published in The Namibian on April 10, which highlighted the issue of unpaid oil supply debt amounting to over N$100 million that Erongo Petroleum owed to United Africa Group (UAG).
Isaacks clarified that UAG did not suffer any losses in the court case brought against them by Erongo Petroleum. The conflict arose when Erongo Petroleum failed to repay its debt to UAG, prompting Tilahun to allegedly advise clients against engaging in business with Erongo Petroleum. However, Isaacks stressed that Tilahun, in his personal capacity, was not involved in the court proceedings.
The article in The Namibian also mentioned that Erongo Petroleum emerged victorious in the case, with the High Court ordering UAG to refrain from contacting Erongo Petroleum’s clients. The court documents stated that UAG Investments (Pty) was interdicted from distributing certain documents to Erongo Petroleum’s clients pending further legal proceedings.
Furthermore, the High Court directed Erongo Petroleum to take action within seven days to determine the legality and enforceability of a Consignment Agreement with UAG. If Erongo Petroleum failed to initiate legal proceedings within the stipulated time frame, the court orders would become void, with costs awarded against UAG.
Isaacks revealed that Erongo Petroleum’s urgent application against UAG was dismissed due to a lack of urgency. This development marked a setback for Erongo Petroleum in their ongoing dispute with UAG.
The report shed light on the complex corporate conflict between UAG and Erongo Petroleum, underscoring the legal battles and tensions surrounding the unpaid debt. Despite the court ruling in favor of Erongo Petroleum, the dispute between the two entities remains unresolved, with implications for their business operations and reputations within the industry.
In conclusion, the contentious issues between UAG and Erongo Petroleum have brought legal complexities and reputational risks to the forefront. The court rulings and ongoing disputes serve as a reminder of the challenges faced by businesses in managing commercial conflicts and debt obligations. As the situation continues to evolve, both parties must navigate the legal landscape and strive for a resolution that safeguards their interests and maintains business continuity.
Read the original article on The Namibian
