The Supreme Court’s decision in Chimanga Changa has set a clear and resounding tone as well as a sound precedent in the Jurisprudence of Zambian Corporate Insolvency law, specifically in relation to how voluntary business rescue proceedings should be commenced, when they commence and most importantly that an application objecting to the commencement of business rescue proceedings pursuant to section 22(1), does not answer to the definition of a legal proceeding for purposes of effecting a moratorium within the confines of section 25 of the Act.
Mwanamwambwa, Ntemena and Mwale-Simbotwe, Chenela
"Chimanga Changa Limited v Export Trading Limited (SCZ Appeal No. 3 of 2022),"
SAIPAR Case Review: Vol. 5:
3, Article 8.
Available at: https://scholarship.law.cornell.edu/scr/vol5/iss3/8