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The Corporate Insolvency Act No. 9 of 2017 (โthe Actโ) is Zambiaโs first stand-alone insolvency legislation. It establishes a regulatory scheme for insolvency practitioners who are required to be licensed by the Patents and Companies Registration Agency (PACRA). The Act provides for various insolvency procedures, such as administration, receivership, liquidation, and schemes of arrangement. It is โAn Act to provide for corporate receiverships, appointment of receivers and the duties and resโฆ
7 JUNE 2025 : 12:51AM
