Opinion ID: 302778
Heading Depth: 2
Heading Rank: 6

Heading: Trial under a system of jurisprudence likely to secure an

Text: 307 impartial administration of justice. 308 The record shows that Zambia is governed in accordance with a constitution approved by the British and Northern Rhodesian governments prior to its being granted independence. The judiciary consists of the Court of Appeals, the High Court, and subordinate and local courts. In many respects, the legal structure of Zambia is similar to that of Britain. Many of the laws of Zambia have been drawn from British counterparts, and in the absence of express change, British common law is controlling. The Zambian law governing the fiduciary duties of a corporation, its officers, directors and shareholders, and the concept of fairness, is not substantially different from that of either Brittain or the United States. Specifically, in a reorganization of this nature, the High Court, despite its wide discretion, must be satisfied that the plan is fair and equitable to all shareholders before it may confirm the plan. British and American Trustee and Finance Corporation v. Couper, (1894) Appeal Cases 399 (H.L.); Magnus & Estrin, Companies Law and Practice (4th ed. 1968). There is nothing here which indicates that the Zambian system of jurisprudence would be unfair to non-Zambians asserting claims in the Zambian courts. 309