Cheng Rong v Goiset [2010] VUSC 97; Civil Case 179 of 2009 (30 June 2010)

IN THE SUPREME COURT OF
THE REPUBLIC OF VANUATU
(CIVIL JURISDICTION)

CIVIL. CASE NO. 179 OF 2009

BETWEEN:

MR. CHENG RONG & MRS. CHENG BONG
Trading as Cheng Rong Store Port Vila Vanuatu
Claimant

AND:

MR. JEAN GOISET & MRS. THI TAM GOISET
Defendants

Counsel: Mr Kiel Loughman for the Claimant
Mr John Less Napuati for the Defendants

CONSENT ORDERS

By consent the Claimants and the Defendants agree to the following orders;

1. Judgment in the sum of four million vatu (VT4, 000,000) with interest of 5% per annum is entered against the defendants.

2. Interest shall be calculated for only one (1) year starting 7th April 2009 to 7^th April 2010.

3. The Defendants shall pay the VT4,000,000 plus interest of VT200,000 to the Claimants in monthly installments of VT100,000 starting 30^th June 2010 until 31^st August 2011 and thereafter shall increase the monthly installment payment to VT260,000.

4. The defendant shall complete the payment of VT4, 200,000 over a period of 18 months starting June 2010 and ending November 31 2011.

5. Each party to pay its own costs.

DATED at Port Vila this 30^th day of June 2010.

D. FATIAKI
Judge