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Blantyre Principal Registry - 2014

2 judgments
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2 judgments
October 2014
Reserve Bank of Malawi v Finance Bank Malawi Limited (In Voluntary Liquidation) (By Original Action) and Finance Bank Malawi Limited (In Voluntary Liquidation) v Attorney General (By Counterclaim) (Commercial Cause 202 of 2008) [2014] MWHC 516 (27 October 2014)
Whether a central bank lawfully revoked a bank's licence and reclaimed supervision and forensic audit costs.
  • Banking law — revocation of banking licence — statutory powers under Banking Act (ss 10, 31) — due process and urgency; Prudential supervision — recovery of costs (s 53) — forensic audit fees recoverable; Constitutional/administrative law — natural justice and section 43 — adequacy of hearing in urgent financial contexts; Consent orders and side letters — duress, waiver and estoppel; Public law torts — misfeasance in public office — bad faith not established; Interest — compound interest awarded.
27 October 2014
January 2014
Builders Suppliers Company Ltd v The Registered Trustees of the Christian Service Committee of the Churches in Malawi (Commercial Case 21 of 2011) [2014] MWHC 517 (8 January 2014)
8 January 2014