WAICA REINSURANCE CORPORATION PLC v AMPALT INVESTMENTS (PRIVATE) LIMITED and FORCHEVILLE INVESTMENTS (PRIVATE) LIMITED and TIMILI INVESTMENTS (PRIVATE) LIMITED and SUSAN MUTANGADURA N.O

Key Issues

• {"issue_text":"Whether the arbitral award is contrary to public policy and should be set aside","issue_type":"law","dispositive":"yes","related_facts":"The arbitrator's finding that the transaction is international and payment must be in US Dollars"}
• {"issue_text":"Whether the arbitration was domestic or international","issue_type":"law","dispositive":"yes","related_facts":"Applicant is foreign entity, respondents are Zimbabwean entities"}
• {"issue_text":"Whether the balance of purchase price is payable in United States Dollars or RTGS$","issue_type":"law","dispositive":"yes","related_facts":"SI 33 of 2019, nature of transaction"}
• {"issue_text":"Whether the applicant is entitled to management accounts","issue_type":"law","dispositive":"no","related_facts":"Whether this was a creation of the arbitrator or part of the issues"}

Background