GMI wins big for Bonitas Medical Scheme.
The Pretoria High Court ruled that Louis Pasteur Hospital Holdings (Pty) Ltd had to repay an amount of R44.2million to Bonitas Medical Scheme. Due to the in duplum rule, interest on the amount has been capped but Bonitas is looking to recover the full R88.4million from Louis Pasteur Hospital Holdings. The claim arose from a cession of investment policies ceded by Bonitas as security for obtaining funding for the development of private healthcare facilities aimed at serving previously disadvantaged communities. It was held that Louis Pasteur Hospital Holdings engineered a change in the status of the policies which can justifiably be described as dishonest. The court awarded costs on an attorney-and-client scale based on the dishonest defence proffered by the defendant. Bonitas was represented by Gildenhuys Malatji’s Commercial Litigation and Public Law department.
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Private hospital ordered to pay partner millions: