Commercial Registry-Lusaka - 2020

7 judgments
Skip past Court registries
Skip past years
Skip past months
Skip to results

Results. 7 judgments found.

7 judgments
December 2020
Trustee's contractually limited role and the exchange's statutory remit precluded liability for the investor's losses.
  • Securities law — note trustee duties under Trust Deed — contractual limitation of monitoring; Guarantee cancellation by issuer notice; securities exchange obligations rest with issuer; requirement of SEC approval for exchange rules; no piercing of corporate veil.
15 December 2020
October 2020
Restructured loan enforceable; excessive interest reduced; unregistered land charge void; debtor ordered to pay recomputed balance.
  • Restructured loan governs rights; debtor bears burden to prove payments; Money-Lenders Act caps interest (48%); unlawful/usurious interest substituted; land charge void without registration; MPSI Act requires proof of ownership/registration for movable security.
29 October 2020
September 2020
Court confirmed a varied Mareva injunction pending appeal but declined it as originally drafted, finding no solid current risk of dissipation.
  • Mareva injunction; freezing order; ex parte duty of full and frank disclosure; variation/discharge of interlocutory injunction; 'real risk' of asset dissipation; ordinary‑course‑of‑business exception; post‑judgment relief pending appeal; foreign defendant and enforcement risk.
22 September 2020
August 2020
Receiver appointed by equitable execution; injunction confirmed; instalment payment application dismissed for inadequate financial disclosure.
  • Equitable execution — appointment of receiver where ordinary execution is ineffective; ancillary interim injunction — confirmation; payment by instalments — burden of full financial disclosure; exhaustion of remedies not strictly required if just and convenient.
20 August 2020
April 2020
Whether domiciliation of contract proceeds bound the purchaser and whether guarantors remained liable for the loan.
  • Banking and contract law — trade loan facility, domiciliation of contract proceeds — whether domiciliation/assignment discharged borrower’s liability or bound third party — enforceability of personal guarantees — privity of contract.
23 April 2020
January 2020
A company in receivership cannot sue except through its receiver; failure to do so renders the action null and void.
  • Company law — receivership — locus standi — only the receiver can sue or defend for a company in receivership; nullity ab initio. Civil procedure — abuse of process, duplicity of actions, forum shopping
  • Companies Act s281 — leave to sue in liquidation contexts
28 January 2020
Whether the respondent validly increased rent by notice and lawfully distrained; agency and tenant's liability.
  • Agency — conduct and correspondence establishing agency; tenancies — tenancy at will and reliance on unexecuted lease; contract — validity of rent increase by notice; distress — lawfulness of warrant for rent arrears; remedies — quantification and enforcement of distraint.
16 January 2020