Botswana Court Reverses Ruling to End Tati Nickel's Liquidation

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. But Botswana’s Court of Appeal said the High Court had failed to weigh the consequences of returning an insolvent company with no income stream to service its debts. Read more.
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