Ramatex SA versus African Century Limited

Key Issues

• {"issue_text":"Whether or not ACL submitted the application for the registration of Ramatex’s blocked funds on or before the 30 April 2019 deadline","issue_type":"fact","dispositive":"yes","related_facts":"Submission date of application; NMB’s confirmation; RBZ reference number"}
• {"issue_text":"Whether the registration of the legacy debt failed as a result of the late submission of the application or due to the failure to meet the RBZ’s registration criteria","issue_type":"fact","dispositive":"yes","related_facts":"Absence of bills of entry; RBZ rejection reason; re-submission in August 2019"}
• {"issue_text":"Whether ACL is liable to pay damages in the sum of US$998,960.00","issue_type":"mixed","dispositive":"yes","related_facts":"Timeliness of submission; cause of failure; duty to provide documents"}

Background