BANK of Nevis International Limited, a British bank, has petitioned the High Court for a judicial review of Bank of Zambia’s (BoZ) decision to liquidate Investrust Bank Plc. The bank is also requesting a stay on the execution of BoZ’s decision until a tribunal is constituted or until further court orders are issued. The bank’s legal action targets the decision-making process and seeks to address Dr Situmbeko Musokotwane’s failure to establish an ad hoc tribunal or prescribe rules for appealing BoZ’s decisions following Investrust’s compulsory liquidation. Michael Jenseabla Prest, the bank’s authorised signatory and shareholder representative, has named the Minister of Finance and National Planning, the Attorney General, and BoZ as respondents. In his affidavit, Prest detailed that Bank of...