LAGOS -Prima Garnet and Ogilvy & Mather Africa have announced that they have reached an amicable settlement over a previous affiliation dispute.
The settlement follows an application to the High Court of Lagos State by Ogilvy & Mather Africa BV and which was confirmed by Prima Garnet Communications Limited, to seek a settlement agreement on an affiliation dispute, which was under litigation for several years.
During the hearing of the matter on the 15th of December 2017 and following the application, the Honorable Justice L.A.F. Oluyemi of the High Court of Lagos State entered the Terms of Settlement dated the 14th of December, 2017, (which was duly executed by the parties and their respective counsel) as the Consent Judgment of the court in the matter and this therefore brings the matter to a closure.
Spokespersons for the parties announced that they “have had mutually beneficial discussions and the outcome is an amicable resolution of the dispute and today’s Consent Judgment.
“This development allows both parties to put an end to the matter and enables Ogilvy & Mather to resume business in Nigeria as the parties continue to contribute to the growth of the Nigerian advertising landscape.”
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The settlement follows an application to the High Court of Lagos State by Ogilvy & Mather Africa BV and which was confirmed by Prima Garnet Communications Limited, to seek a settlement agreement on an affiliation dispute, which was under litigation for several years.
During the hearing of the matter on the 15th of December 2017 and following the application, the Honorable Justice L.A.F. Oluyemi of the High Court of Lagos State entered the Terms of Settlement dated the 14th of December, 2017, (which was duly executed by the parties and their respective counsel) as the Consent Judgment of the court in the matter and this therefore brings the matter to a closure.
Spokespersons for the parties announced that they “have had mutually beneficial discussions and the outcome is an amicable resolution of the dispute and today’s Consent Judgment.
“This development allows both parties to put an end to the matter and enables Ogilvy & Mather to resume business in Nigeria as the parties continue to contribute to the growth of the Nigerian advertising landscape.”
In this article: