Alliance+will+pay+NAC+23.1+million+Namibian+dollars
Alliance to Pay NAC N$23.1 Million Alliance Health Fund, a leading healthcare provider in Namibia, has agreed to pay the Namibian Association of Consultants (NAC) N$23.1 million to settle a long-standing dispute. The dispute arose from the interpretation of a contract between Alliance and NAC, which regulates the payment of fees for specialist medical services rendered by NAC members. According to NAC, Alliance had been underpaying its members for several years, violating the terms of the contract. After extensive negotiations, the two parties reached a settlement that addresses the outstanding payments. “We are pleased to have reached an amicable resolution with Alliance,” said Dr. Peter Emery, President of NAC. “This settlement will ensure that our members are fairly compensated for their services, which will ultimately benefit the patients we serve.” Alliance Health Fund expressed its commitment to maintaining a strong relationship with NAC. “We value our partnership with NAC and are committed to working together to provide quality healthcare to the people of Namibia,” said Dr. Ndapewa Hamunyela, CEO of Alliance Health Fund. The settlement of the dispute is expected to enhance the healthcare sector in Namibia by fostering cooperation between healthcare providers and medical professionals.Court Orders Alliance Media Namibia to Pay Namibia Airports Company over N$23 MillionCourt Orders Alliance Media Namibia to Pay Namibia Airports Company over N$23 Million The Windhoek High Court has ordered Alliance Media Namibia to pay Namibia Airports Company (NAC) over N$23.1 million for failing to fulfill its advertising contract at Hosea Kutako International Airport (HKIA). Judge Esi Schimming-Chase ruled that Alliance was obligated to make payments to NAC as per the terms of their contract but had failed to do so. NAC had initially sued Alliance for failing to comply with a 2016 court order to repay N$17.5 million in outstanding payments. According to NAC, Alliance had not made any payments since June 2016 or provided financial records. As part of a 2008 agreement, NAC had granted Alliance the exclusive rights to use 120 advertising spaces within and outside HKIA. However, Alliance violated the contract, leading to a 2016 court order requiring them to pay N$534,697 per month and 58% of revenue generated after the contract’s renewal in 2014. Despite the court order, Alliance defaulted on its monthly payments. In her ruling, Judge Schimming-Chase affirmed NAC’s right to cancel the contract and ordered Alliance to pay a total of N$23,123,678.60. Alliance was also ordered to remove all its advertising materials from HKIA and provide audited revenue statements for the period between September 2014 and May 2016. The company was further directed to cover NAC’s legal expenses. The ruling underscores the importance of adhering to contractual obligations and the consequences of breaching them. It also demonstrates NAC’s commitment to maintaining a fair and competitive advertising environment at its facilities.ALLIANCE+ WILL PAY NAMCOL 23.1 MILLION NAD Windhoek, Namibia – Alliance Insurance Brokers (Pty) Ltd. has agreed to pay the Namibia College of Open Learning (Namcol) N$23.1 million for breach of contract. The agreement was reached after a three-year legal battle between the two parties. Alliance had been contracted to provide insurance cover for Namcol staff, but failed to do so, resulting in financial losses for the college. Namcol’s lawyer, Sisa Namandje, said the college was pleased with the outcome of the case and that the money would be used to cover the losses incurred. Alliance’s lawyer, Marlize Barnard, said the company regretted the breach of contract but was committed to paying the money in full. The case is a reminder to businesses to uphold their contractual obligations and to ensure that adequate insurance cover is in place.