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Bulawayo High Court
Chul Jun Lee & Arocet Investments (Pvt) Ltd v Hyo Jun Lee
HB 99/19
Case Details
Court
Bulawayo High Court
Date
20 June 2019
Citation
HB 99/19
Neutral Citation
[2019] ZWHB 99
Outcome
unknown
Case Type
Application
Bench
Presiding
MAKONESE J
Full Bench
MAKONESE J
Areas of Law
Company LawCommercial Litigation
Keywords
derivative actionshareholder rightsunpaid sharescompany directors
Tags
company lawderivative actionshareholder disputes
legislation
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ai analysis
Case Summary
Key Issues
- {"issue_text":"Whether the first applicant can bring a derivative action on behalf of the company without a Board Resolution","issue_type":"procedural","dispositive":"yes","related_facts":"No Board Resolution attached; first applicant is director and shareholder"}
- {"issue_text":"Whether the respondent is liable to pay for unpaid shares","issue_type":"mixed","dispositive":"yes","related_facts":"Respondent admitted not paying for shares; articles require payment"}
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background
Facts of the Case
Background
The first applicant and respondent are Korean nationals who established Arocet Investments (Pvt) Ltd in Zimbabwe in September 2016. The first applicant alleged serious disputes arising from the respondent's failure to pay for his shares in the company. The first applicant brought an application seeking payment for unpaid shares and related relief.
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