Zimbabwe has put in place the necessary legal framework for the establishment of a specialized court to deal with commercial disputes seen as crucial to improving the ease of doing business.
Commercial courts are considered a competitive advantage for emerging markets competing to attract foreign direct investment, allowing for faster resolution of commercial disputes.
Regional peers Zambia, Lesotho, South Africa and Mozambique have in recent years established commercial courts, giving them an edge over Zimbabwe.
“Whenever, after consultation with the Judge President, it appears to the Chief Justice, that in the interest of expediting justice delivery or promoting the ease of access to justice for any other reason, it is appropriate to create a specialized division of the High Court in accordance with section (3) of the Constitution……,” read the notice in the Government gazette.
“Specialized division of the High Court may be created to specialize in the adjudication of cases in the field of commercial law, mining law, electoral law, revenue law, the law of deceased and insolvent estates or any other specialized field of law.”
The amendments also introduce the concept of virtual court sittings.- The Source