Botswana

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A Botswana court has overturned last month’s High Court decision to take Tati Nickel Mine out of provisional liquidation because the earlier ruling did not consider the impact on creditors, Reuters reported. Tati, a subsidiary of the liquidated BCL mine group, has been under provisional liquidation since October 2016. The liquidation was extended twice after liquidator Nigel Dixon-Warren requested more time to pursue a deal with investors. The High Court took the company out of liquidation in April following the lapse of the last extension.
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Botswana’s High Court has taken Tati Nickel Mine out of provisional liquidation, dismissing a request for more time to negotiate with potential buyers, the liquidator said on Wednesday. Tati — a subsidiary of the liquidated BCL mine group — has since October 2016 been under provisional liquidation, which was twice extended after liquidator Nigel Dixon-Warren asked for more time to pursue a deal with investors, Reuters reported. The High Court took the company out of liquidation on Tuesday following the lapse of the last extension.
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