Shareholders Agreement Zambia

Are there, in particular, assets or liabilities related to the acquisition or disposal of an undertaking which cannot be excluded from the transaction by an agreement between the parties? Is it generally necessary to obtain consents or make declarations to ensure the transfer of assets or liabilities in the time of a business transfer? He said the agreement clarified the roles and expectations of the parties involved, respected mutual understanding and provided a solid basis for the strategic intent of the partnership. Kafwaya explained that Zambian Airways` (2014) business model is developed and agreed by the two shareholders, IDC (55% of the shares) and ET (45% of the shares), after a detailed and thorough analysis of the route plan. There are only two types of land ownership in Zambia. This is an emphyteutic lease and the usual property. Zambia does not have a property system. The term of the lease can be up to 99 years and can be renewable up to 99 years. . . .