China Shougang International v Standard Chartered Bank Zimbabwe Limited

Key Issues

• {"issue_text":"Was it competent for applicant to institute proceedings by way of motion proceedings rather than summons?","issue_type":"procedural","dispositive":"no","related_facts":"No material disputes of fact existed"}
• {"issue_text":"Did the applicant target the wrong respondent by suing the bank instead of Reserve Bank of Zimbabwe?","issue_type":"procedural","dispositive":"no","related_facts":"Contractual relationship existed between applicant and respondent bank"}
• {"issue_text":"Was the respondent entitled to debit applicant's accounts pursuant to Reserve Bank directive?","issue_type":"legal","dispositive":"yes","related_facts":"Directive was not published in Gazette as required by Exchange Control Regulations"}
• {"issue_text":"Did the respondent breach its contractual duty to protect applicant's deposits?","issue_type":"legal","dispositive":"yes","related_facts":"Bank failed to verify lawfulness of directive before debiting accounts"}

Background