NewzThe Zimbabwe High Court has blocked the registration of a 12-year-old arbitral award valued at US$95,322, which was originally granted to the General Agriculture and Plantation Workers Union of Zimbabwe (GAPWUZ) in a dispute against The Wattle Company Limited. The court ruled that the award cannot be registered in its current form due to complexities surrounding currency changes that have occurred since the initial judgment was issued.
This legal impasse highlights the ongoing challenges in enforcing long-standing financial awards within the Zimbabwean judicial system, particularly when significant shifts in monetary policy and currency valuation are involved. The ruling prevents the immediate execution of the payment, requiring further legal resolution to address how the original award should be reconciled with current economic conditions.
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