Justice Kudomor, in her ladyship capacity, articulated that Shatta Wale's non-performance resulted in tangible financial losses for Maverick City Entertainment. The court, in its wisdom, deemed it appropriate to hold the acclaimed Dancehall artist accountable for the adverse impact on the festival's organizers.
Moreover, the legal verdict extends beyond the initial sum, encompassing an accruing interest component. Shatta Wale is obligated to pay interest at a rate of 5.5%, calculated from December 14, 2021, until the final settlement date. This additional financial burden amounts to a noteworthy $10,892.47.
In essence, the comprehensive ruling underscores the gravity of Shatta Wale's contractual breach, emphasizing both the monetary compensation and the interest levied as a measure of restitution for the financial hardships incurred by Maverick City Entertainment.