High Court · [2016] ZMIC 35 · 14 December 2016

Postnet Zambia Limited v Western Union Zambia Limited and Others (HPC 337 of 2016) [2016] ZMIC 35 (14 December 2016)

Court sanctioned a s.234 Scheme where statutory requirements were substantially complied with and creditors’ majority approval was bona fide. Flynote Company law — Scheme of Arrangement (s.234 Companies Act) — Substantial compliance with statutory and court directions — Creditors’ meeting and majority approval — Court’s supervisory role not to substitute commercial judgment — Objections based on speculative future entitlements and unproven defective service insufficient to vitiate sanction. Read full summary

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