Reply to thread

Message

[QUOTE="Munyaradzi Mafaro, post: 35563, member: 636"]
The court told Curechem Overseas to pay back $552,281 to Fidelity Gold Refinery after a fight about gold chemicals. Fidelity had given Curechem over $1.5 million for supplies but received only $954,243 worth of items. High Court Justice Gladys Mhuri backed the decision made earlier by arbitrator Taona Nyamakura. She said courts usually respect these rulings unless they break public policy rules. Curechem failed to prove that the decision went against public policy.

The judge approved registering the May 28 ruling that orders Curechem to pay the money. Court papers show the companies signed a mining supply deal on January 5, 2020. Fidelity paid Curechem ahead of time to supply chemicals for small gold miners. Between January and May 2020, miners used chemicals worth $954,243, leaving unused supplies valued at $596,801. Arguments started when their agreement ended in January 2021.

Both sides went to arbitration, as their contract required. The arbitrator decided Fidelity deserved payment for unused chemicals. Curechem claimed they already paid Fidelity using local currency, but Fidelity insisted on payment in US dollars instead.
[/QUOTE]

Name