Conflation of Arrangement and Reconstruction in the Zambian Corporate Insolvency Act: A Call for Distinctive

Registration ID: IJNRD_220817

Published ID: IJNRD2408121

DOI: http://doi.one/10.1729/Journal.41077

Victor Mwape

Arrangement, Reconstruction, Insolvency Law, Corporate Insolvency Act (Zambia), Companies Act (UK)

The Zambian Corporate Insolvency Act (CIA) 2017 conflates arrangements and reconstructions within the same statutory framework (sections 46-48). This article argues that this approach creates practical difficulties and potential confusion for stakeholders. We analyze the UK Companies Act 2006 and Insolvency Act 1986, which provide distinct provisions for these processes. The comparative analysis highlights the benefits of separate frameworks for arrangements and reconstructions. We propose amendments to the CIA 2017 to introduce clarity and enhance the effectiveness of Zambia's corporate insolvency regime.

Published Paper   E-Certificate

Victor Mwape (August-2024). Conflation of Arrangement and Reconstruction in the Zambian Corporate Insolvency Act: A Call for Distinctive . INTERNATIONAL JOURNAL OF NOVEL RESEARCH AND DEVELOPMENT, 9(8), b305-b311. http://doi.one/10.1729/Journal.41077

Volume 9 Issue 8, August-2024

Pages : b305-b311

Paper Reg. ID: IJNRD_220817

Published Paper Id: IJNRD2408121

Downloads: 000121994

Research Area: Social Science and Humanities 

Country: Lusaka, Zambia, Zambia

Published Paper PDF: https://ijnrd.org/papers/IJNRD2408121.pdf

Published Paper URL: https://ijnrd.org/viewpaperforall?paper=IJNRD2408121

Crossref DOI: http://doi.one/10.1729/Journal.41077

Journal Name: INTERNATIONAL JOURNAL OF NOVEL RESEARCH AND DEVELOPMENT(IJNRD)

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