Local News

Harare company loses US$10m suit against City Parking

NewsDay Staff ·

Harare company loses US$10m suit against City Parking

THE Supreme Court has dismissed a US$10 million lawsuit filed by local company Zemqos Incorporated (Pvt) Ltd against City Parking over an alleged violation of a verbal agreement for the supply and installation of an automated parking management system in
Harare.

In the application, that was heard by the Supreme Court bench consisting of Justices Chinembiri Bhunu, George Chiweshe and Joseph Musakwa, the company appealed against a judgment of the High Court which dismissed its claim for specific performance of a verbal contract it had entered into with City Parking.

Zemqos was seeking the setting aside by the Supreme Court of a High Court judgment or alternatively if specific performance is no longer feasible, cancellation of the contract and an award of damages of US$10 660 916,25 for breach of contract.

This story is for NewsDay subscribers.