Rani International Limited versus Bubye Minerals (Pvt) Ltd and Another

Key Issues

• {"issue_text":"Whether the loan agreements are illegal and unenforceable due to lack of exchange control authority","issue_type":"law","dispositive":"yes","related_facts":"The loans were granted without proper exchange control authority from the Reserve Bank"}
• {"issue_text":"Whether the plaintiff's claims are prescribed under the Prescription Act","issue_type":"law","dispositive":"yes","related_facts":"The loans were granted between 2000-2001 and claims were filed in 2004 and 2006"}
• {"issue_text":"Whether the plaintiff's alleged takeover of the mine constitutes a valid defense of set-off","issue_type":"law","dispositive":"yes","related_facts":"The plaintiff allegedly took over the running of the mine, allegedly recovering the loaned sums"}
• {"issue_text":"Whether the second defendant's guarantee agreement is valid and enforceable","issue_type":"law","dispositive":"yes","related_facts":"The guarantee agreement was subject to the same condition precedent as the principal agreement"}

Background