Please call me inventor appeals settlement
Joining CNBC Africa for a look at today's global markets is Neil Wilson, Chief Market Analyst, Markets.com.
Mon, 19 Aug 2019 15:38:00 GMT
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AI Generated Summary
- The complexity of the case lies in the precedent it sets for future disputes involving intellectual property rights and compensation.
- The questionable decision to allow Vodacom to determine its own liability in the dispute has raised concerns over the fairness of the final settlement amount.
- Makate's claim for a share of the revenue from the 'Please Call Me' service and Vodacom's potential financial implications further complicate the already intricate legal battle.
In a never-ending legal saga, Mr. Makate finds himself back in court once again, battling telecommunications giant Vodacom over a settlement that has been in dispute for years. The story dates back to a decision by the constitutional court, where a settlement figure of 47 million rand was proposed. However, Makate is now claiming a staggering 10 billion rand from Vodacom, sparking a complex legal battle that has far-reaching implications.
The crux of the issue lies in the precedent that this case will set for future disputes of a similar nature. The court's decision on the final settlement amount could have wide-ranging consequences, as it will establish a benchmark for future cases involving intellectual property rights and compensation. The complexity of the case is further heightened by the constitutional court's decision to entrust one party in the dispute to determine the final payout, a move that has raised eyebrows and perplexed legal experts.
Neil Wilson, Chief Market Analyst at Markets.com, expressed skepticism over the process, questioning the logic behind allowing Vodacom to effectively decide its own liability in the dispute. With Vodacom's CEO unlikely to agree to an exorbitant payout, the fairness of the final settlement amount remains in question. Despite Makate's willingness to accept defeat if the ruling goes against him, the intricate web of legal representatives and stakeholders involved in the case suggests a prolonged legal battle ahead.
Makate's claim for a 5% share of the revenue generated from the 'Please Call Me' service, which he alleges amounts to billions of rand, adds another layer of complexity to the dispute. Vodacom, on the other hand, is faced with the prospect of a significant cash payout that could impact its financial standing. The looming uncertainty surrounding the final settlement figure indicates that the case may once again find its way back to the constitutional court, prolonging the legal wrangle and keeping stakeholders on edge.