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Harare High Court
Skorus Investments (Private) Limited v CBZ Bank Limited
HH 54-25
Case Details
Court
Harare High Court
Date
5 February 2025
Citation
HH 54-25
Neutral Citation
[2025] ZWHH 54
Outcome
unknown
Case Type
Urgent Application
Bench
Presiding
Dube-Banda J
Full Bench
Dube-Banda J
Areas of Law
Banking LawInterdict LawInternational Sanctions
Keywords
Executive Order 13818OFAC sanctionsbank account closureinterim reliefprima facie case
Tags
urgent applicationinterim interdictsanctionsbanking law
legislation
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ai analysis
Case Summary
Key Issues
- {"issue_text":"Whether the matter is urgent and qualifies for urgent hearing","issue_type":"procedural","dispositive":"no","related_facts":"Application filed 23 January 2025; closure notice 3 January 2025; business impact"}
- {"issue_text":"Whether applicant has established prima facie right to interim interdict preventing account closure","issue_type":"mixed","dispositive":"yes","related_facts":"Bank closure based on foreign sanctions; arbitrary closure; business necessity of banking"}
- {"issue_text":"Whether applicant would suffer irreparable harm without interim relief","issue_type":"factual","dispositive":"no","related_facts":"Business entity requiring banking for gold trading; exclusion from banking services"}
- {"issue_text":"Whether balance of convenience favours granting interim interdict","issue_type":"mixed","dispositive":"no","related_facts":"Prejudice to applicant vs respondent; no satisfactory alternative remedy"}
This summary was generated by AI. Use Zalari to read the full judgment.
background
Facts of the Case
Background
The applicant, a gold trader, sought an urgent interim interdict to prevent CBZ Bank from closing its accounts after the bank notified closure based on US Executive Order 13818 sanctions listing the applicant as a Specially Designated Person. The bank emailed on 3 January 2025 announcing closure; applicant instructed where to transfer funds but later disputed acceptance of closure.
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