Capital Markets Tribunal – Ruling on application for leave to appeal – Stanchart Zambia – Stanchart Nominees and SEC.

Capital Markets Tribunal – Ruling on application for leave to appeal – Stanchart Zambia – Stanchart Nominees and SEC.

On 27ᵗʰ August, 2021, the Applicants filed a Notice of Motion to raise Preliminary Questions on a Point of Law (“the motion”). The application was made pursuant to rule 3 (2) of the Securities (Capital Markets Tribunal) Rules, Statutory Instrument No. 32 of 2021 (“the CMT Rules”); Orders 14A rules 1 and 2 and 33 rules 3 and 7 of the Rules of the Supreme Court 1999 edition (“the RSC 1999”); sections 42 (1) and (2) and 43 of the Legal Practitioners Act, Chapter 30 of the Laws of Zambia (“the LPA”); and rules 24 (2) and 27 (b) of the Legal Practitioners Practice Rules, Statutory Instrument No. 51 of 2002 (“the LPPR”). The motion is supported by an Affidavit sworn by Mercedes Kumoyo Imasiku Mwansa, the Chief Executive Officer of the First Applicant, and Skeleton Arguments filed on 27ᵗʰ August, 2021; and a Supplementary List of Authorities filed on 13ᵗʰ September, 2021.

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