The unprecedented transfer was introduced on Monday by the nation’s central financial institution, the Reserve Bank of Zimbabwe, to spice up confidence in the native currency.
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Whilst the charges emanate from the same facts, the Act and the By-laws create completely different and distinct obligations for the respondent with regards to those facts. Fidelity Printers, a subsidiary of the central financial institution, is the country’s only authorised gold buyer. The applicant contends that the respondent was liable for the non-remittal of the steadiness by advantage of being a senior associate on the regulation firm. The second point of departure relates to the question who is liable for the failure to remit the steadiness to the complainant. Any particular person or company can purchase the cash from authorised shops such as banks, in accordance with an announcement by the country’s central financial institution. Internationally, gold coins are used in countries such as China, South Africa and Australia to hedge against inflation and as an investment opportunity, though they are not as broadly used as currency as envisaged by Zimbabwe’s central financial institution, said Chitambara.
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The lawyer said he was initially denied entry to his client and then only obtained 10 minutes along with her earlier than her courtroom appearance. Two different attorneys representing protest chief Kolesnikova had been disbarred. A key moment for some legal professionals and rights activists was the arrest in September of legal professionals Maxim Znak and Illia Salei. They represented Maria Kolesnikova, one of many leaders of mass road protests.
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The agency is included within the tiny state like scores of different corporations, and the case will be heard within the Delaware Chancery Court, which has deep experience in business disputes. However, if the liquidation course of is imposed by a Turkish courtroom docket of legislation, our attorneys might help with the de-registration with the Trade Register.
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