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Appeal on Corporate Veil Lifting by mukandoo is a document available to read on EtoBox.

What is Appeal on Corporate Veil Lifting about?

The Court of Appeal of Zambia ruled on Appeal No. 75/2022, where the Appellants challenged a High Court decision that pierced the corporate veil of National Technologies Limited to hold its shareholders liable for an arbitral award. The Court found that the lower court exceeded its jurisdiction by altering the arbitral award, leading to the conclusion that the ruling was a nullity. Consequently, the appeal was successful, with costs awarded to the Appellants.

Author

mukandoo

Language

EN