Blue Track Investments (Private) Limited & Ors v Nedbank Zimbabwe Limited

Key Issues

• {"issue_text":"Whether the court a quo erred by not declaring unlawful the respondent’s unilateral act of debiting the appellants’ FCA bank accounts for foreign currency transactions funded by their RTGS accounts.","issue_type":"law","dispositive":"yes","related_facts":"Unfunded FCA accounts, contractual clause 6, reversal of transactions"}
• {"issue_text":"Whether the court a quo was correct in combining the appellants’ accounts, including that of the fourth appellant, by piercing the corporate veil.","issue_type":"mixed","dispositive":"yes","related_facts":"Shared directorship, inter-account transfers, single economic entity"}
• {"issue_text":"Whether the court a quo was correct in not determining whether S.I. 33/19 applied to the dispute between the parties.","issue_type":"procedural","dispositive":"no","related_facts":"Timing of S.I. 33/19 promulgation, completion of transactions"}

Background