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Supreme Court of Zambia - 2020 April

3 judgments
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3 judgments
April 2020
Finance Bank Zambia Limited v Development Bank of Zambia (Appeal 15 of 2016) [2020] ZMSC 41 (22 April 2020)
An interim indemnity for USD3 million was discharged when the appellant accepted and registered the handed-over securities.
  • Contract of indemnity — conditional/interim indemnity — effect of surrender/acceptance and registration of securities; syndicated security — role of security agent and requirement for syndicate consent; debt-to-equity conversion — share certificate not conclusive; burden of proof as to breach of indemnity.
22 April 2020
Celtel Zambia Limited (T / A Zain Zambia) v Zambia Revenue Authority (Appeal 94 of 2011) [2020] ZMSC 44 (10 April 2020)
10 April 2020
Bank of Zambia ( As Liquidator of Credit Africa Bank Limited) (In Liquidation) v Al Shams Building Materials Trading Company Limited (Appeal 16 of 2017) [2020] ZMSC 24 (9 April 2020)
9 April 2020