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Commercial Registry - 2012

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1 judgment
June 2012
Standard Chartered Bank (Zambia) Limited v K.B Davies and Company (Zambia) Limited and Anor (2004/HPC/O368) [2012] ZMHC 92 (20 June 2012)
A tentative higher offer does not justify staying a bona fide mortgagee sale near its valuation.
  • Mortgagee power of sale — bona fide exercise — valuation and advertising — forced-sale versus market value — opening a foreclosure — stay of sale — equitable right of redemption — necessity of firm offer and prompt application.
20 June 2012