Commercial Registry - 2022

14 judgments

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14 judgments
Citation
Judgment date
November 2022
Court referred quantification of loan arrears to assessment, dismissed most plaintiff claims and lost-income counterclaim, and ordered offset against agreed equipment purchase price.
Banking and finance – Term loan facility – Validity despite clerical date error; Security – deposit of title deeds as collateral; Burden of proof – plaintiff must prove amount claimed; Self-help repossession – impermissible without court order; Counterclaim – lack of evidence for lost income; Sale of goods – written purchase price enforceable.
8 November 2022
September 2022
Whether surface-rights owner can withhold consent to mining access where exploration licence cannot lawfully authorize mining.
Mines and Minerals — Surface rights v. mining rights — Section 52(1)(b) Mines and Minerals Development Act — Requirement of written consent of surface rights owner — Ownership of stockpiled overburden and stockpiles — Limits of exploration licences; artisanal mining citizenship restrictions — Injunction and dismissal of counter-claim.
26 September 2022
A late application to amend pleadings near trial was dismissed for lack of reasonable diligence and prejudice to the respondent and court.
Civil procedure — Amendment of pleadings — Interlocutory applications within 14 days of trial — Order 19 Rule 3(3) SI 58 of 2020 — Case management and proportionality — Prejudice and reasonable diligence — Discretion under Order 18.
6 September 2022
August 2022
Whether the applicant may enforce 25% monthly compound interest and foreclose a mortgage under the Money Lenders Act.
Money Lenders Act – statutory cap on interest – unenforceability of extortionate 25% per month rate; Enforceability of registered legal mortgage granted by administratrix; Capacity of administrator to pledge estate assets; Recovery of principal and foreclosure; Assessment of interest by Deputy Registrar.
26 August 2022
Whether a loan clause imposing 25% monthly (compound) interest is enforceable and effect of surrendering vehicle white book as equitable mortgage.
Money Lenders Act – prohibition of compound interest – clause charging interest on interest illegal; equitable mortgage by surrender of vehicle white book; assessment of outstanding debt by Deputy Registrar; permitted simple interest and statutory caps.
9 August 2022
Settlement agreement enforced; privity and duress defences rejected; plaintiff awarded ZMW 528,070 with interest; no costs.
Contract law – enforceability of settlement agreements; privity of contract; duress/undue influence; arbitration clause – stay and referral; burden of proof; interest; mediation non-attendance costs.
4 August 2022
June 2022
Plaintiff's claims for director retainer fees and statutory-duty damages dismissed for failure to prove contractual entitlement or causation.
Contract law – written employment contract and privity; extrinsic evidence inadmissible to vary clear terms; burden of proof on claimant; director remuneration requires appropriate resolution/authority; breach of statutory duty actionable only with proven causal damage.
21 June 2022
Applicant awarded judgment for debt with contractual interest and a 60-day redemption period before foreclosure.
Mortgage enforcement – Third-party legal mortgage – Enforcement of contractual interest and compounding – Default and admission by conduct/non-appearance – Equity of redemption and prescribed redemption period before foreclosure.
20 June 2022
May 2022
Whether directors may be made personally liable and their property charged after dissipating company funds—court pierced veil and ordered charges.
Company law – Lifting the corporate veil under Section 175(1) Corporate Insolvency Act – directors held personally liable where company business carried on to defraud creditors; Tracing and mixed funds (Diplock) – identifiable transfers to directors; Charging orders (Order 50 RSC) – prerequisites met for directors’ assets; Non‑party recipients – cannot be charged absent joinder and hearing.
31 May 2022
Loan secured by surrendered title deed created an equitable mortgage; third-party non-payment did not frustrate borrower’s repayment obligation.
Commercial law – invoice discounting facility – security by deed of assignment, surrender of title and director guarantees – equitable mortgage created by deposit of certificate of title; Contract law – frustration – clause "though not limited to" receivables preserves alternative repayment obligations; Remedies – judgment for debt, interest, possession, foreclosure and guarantor liability.
17 May 2022
April 2022
Mortgagee entitled to foreclosure, possession, sale and enforcement of guarantors and debenture after mortgagor's default.
Mortgage law - legal mortgage by demise - foreclosure, possession and sale on default - enforcement of personal guarantees (suretyship) - enforcement of debenture (fixed and floating charge) - uncontested originating summons evidence.
5 April 2022
February 2022
A broker-placed marine cover existed at loss time; insured value awarded, but consequential business losses denied.
Insurance law – validity of cover placed by broker – timing of electronic instructions and cover note; Marine-specific (valued) policy – indemnity principle limits recovery to insured value; Consequential/business loss – not recoverable without express policy provision; Evidence – burden of proof on plaintiff on balance of probabilities.
16 February 2022
January 2022
Plaintiff failed to prove performance and novation, but judgment entered against the 1st defendant on its admission.
Construction contracts; subcontractor's claim; privity of contract; novation (unenforced draft deed); evidentiary burden (invoices, delivery notes, commissioning); judgment against main contractor on admission.
24 January 2022
Court entered judgment on admission where defendant's condition precedent defence was unsupported and admission was unequivocal.
Commercial law — Judgment on admission — Order XXI and Order 27 R.3 — Admission must be clear, unambiguous and unconditional — Condition precedent defence — Order 53 R.6/practice direction — Costs — Post-judgment interest (1% above LIBOR).
18 January 2022