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Harare High Court
Blessmore Chanakira v Tawanda Mapfumo and W.R. Gabraith
HH 155-10
Case Details
Court
Harare High Court
Date
21 July 2010
Citation
HH 155-10
Neutral Citation
[2010] ZWHH 155
Outcome
unknown
Case Type
Application
Bench
Presiding
Chiweshe JP
Full Bench
Chiweshe JP
Areas of Law
Arbitration lawContract lawExchange control regulations
Keywords
arbitration awardpublic policyinvestment agreementexchange control approvalacknowledgement of debt
Tags
arbitrationinvestment agreementexchange controlpublic policy
legislation
Statutes Cited
- Arbitration Act [Chapter 7:15]
- Exchange Control Regulations, 1996
- Money Lending and Rates of Interest Act [Chapter 14:14]
ai analysis
Case Summary
Key Issues
- {"issue_text":"Whether arbitration award holding agreement void for lacking exchange control approval is contrary to public policy","issue_type":"law","dispositive":"yes","related_facts":"Agreement lacked exchange control approval; arbitrator held this rendered agreement void"}
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background
Facts of the Case
Background
The applicant and first respondent entered into an investment agreement in 2008 where applicant advanced US$100,000 with 30% monthly return. After disputes arose, parties referred matter to arbitration. Arbitrator held agreement void for lacking exchange control approval. Applicant seeks to set aside arbitration award.
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