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Harare High Court
Econet Wireless (Private) Limited versus Renaissance Financial Holdings Limited and Renaissance Merchant Bank Corporation
HH 125/11
Case Details
Court
Harare High Court
Date
8 June 2011
Citation
HH 125/11
Neutral Citation
[2011] ZWHH 125
Outcome
unknown
Case Type
Urgent Application
Bench
Presiding
MAVANGIRA J
Full Bench
MAVANGIRA J
Areas of Law
Banking lawCorporate lawInsolvency lawSecurity law
Keywords
Provisional orderShare certificatesInterdictCessionSecurityLiquidity problemsCuratorship
Tags
Urgent applicationProvisional orderSecurity for debtShareholding cession
legislation
Statutes Cited
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ai analysis
Case Summary
Key Issues
- {"issue_text":"Whether the urgent application should be dismissed on preliminary grounds","issue_type":"procedural","dispositive":"yes","related_facts":"Timing of application, curatorship, competing claims"}
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background
Facts of the Case
Background
Applicant Econet Wireless deposited funds with respondents and received Zimbabwe Foreign Currency Bonds. First respondent ceded 30% shareholding in Africa First Renaissance Corporation as security for debt. When respondents faced liquidity problems and second respondent was placed under curatorship, applicant sought provisional order to secure the shareholding pending final determination.
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