STANBIC BANK T LTD VS CHANG QING INTERNATIONAL INVESTMENT CO

STANBIC BANK T LTD VS CHANG QING INTERNATIONAL INVESTMENT CO

The decree must be executed by disposing of the assets of the 1st Judgment Debtor as agreed in the deed of settlement; conditions for civil imprisonment of 2nd and 3rd Judgment Debtors are not met.

Citation
STANBIC BANK T LTD VS CHANG QING INTERNATIONAL INVESTMENT CO
Parties
Decree Holder: Stanbic Bank Tanzania Limited; 1st Judgment Debtor: Chang Qing International Investment Company Limited; 2nd Judgment Debtor: Li Hong; 3rd Judgment Debtor: Lei Chang Qing
Court
TANZLII
Jurisdiction
Tanzania
Judgment Date
1 January 2020
Procedural Posture
Commercial Case / Execution Application Ruling
Outcome
application dismissed
Legal Topics
Execution of Decree, Deed of Settlement, Civil Imprisonment
Source Language
English
Civil Procedure Commercial Law Execution of Decree Deed of Settlement Civil Imprisonment

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Parties

Stanbic Bank Tanzania Limited

Decree Holder

Chang Qing International Investment Company Limited

1st Judgment Debtor

Li Hong

2nd Judgment Debtor

Lei Chang Qing

3rd Judgment Debtor

Procedural Posture

Commercial Case / Execution Application Ruling

Legal Issues

  1. 1 Whether 2nd and 3rd Judgment Debtors are liable to be arrested and detained as civil prisoners under the decree

Ratio Decidendi

The decree must be executed by disposing of the assets of the 1st Judgment Debtor as agreed in the deed of settlement; conditions for civil imprisonment of 2nd and 3rd Judgment Debtors are not met.

Court Disposition

application dismissed