영문목차
Preface=xvii
Chapter 1. Zambia's Industrial Sector:From Privatization to Nationalization and Back=3
1.1. Chapter Objectives=3
1.2. Background Description of the Industrial Sector in Zambia=4
1.2.1. The Period to 1964=4
1.2.2. From 1964 to the 1968-69 Mulungushi-Matero Economic Reforms=5
1.2.3. Reasons for Nationalization=6
1.2.4. Manufacturing Performance to 1982=7
1.3. Structural Rigidities of the Sector=8
1.4. General Criticisms of SOEs and the Case for Privatization=11
1.5. General Criticisms Leveled against Privatization of SOEs=15
1.6. the Parastatal Reform Program and Privatization in Zambia:The UNIP Ground-Work=20
1.7. Zambian Industry under the MMD Government:1992 to 2000-The MMD's Commitment to Move the State Out of the Driver's Seat=21
1.7.3. Impact of Liberalization on Zambian Industry=23
1.7.3.1. Underlying Theories=24
1.7.3.2. An Uneven Playing-Field=27
1.7,3.3. Inability by Managers in Zambia to Plan beyond Tomorrow=29
1.7.3.4. Trade or Manufacturing? Trade, by Far=29
1.7.3.5. Giving Up the Unequal Struggle and Staring into Economic Hell Fire=30
1.7.3.6. Apportioning Blame for the Plight of Companies in Zambia:Some Reflections=31
1.8. Conclusions, Reflections and Overall Implications of the Chapter=32
Chapter 2. Fallacies of the African Growth and Opportunity Act=35
2.1. Introduction=35
2.2. The Discourse and the Unlocking of Some Preliminary Conjectures=36
2.3. Objectives=38
2.4. Salient features of AGOA=38
2.5. Making the Strongest Case for AGOA:What the Proponents Say=43
2.6. Seven-Point Indictment of the African Growth and Opportunity Act=48
2.7. No Easy Road to Africa's Economic Freedom:Conclusion, Reflections, and Some Business Implications=57
Chapter 3. Principles of Intellectual Property Law in Zambia=61
3.1. Copyright=62
3.1.1. A Description of Three Types of Rights That a Copyright Holder May Have=64
3.1.1.1. Economic Rights=64
3.1.1.2. Moral Rights=64
3.2. Related Rights=65
3.2.1. The Three Categories of Beneficiaries under Related Rights=65
3.2.2. Duration of Related Rights=66
3.3. Trademark and Geographical Indications=67
3.3.1. The Two Main Requirements for Registering a Trademark under the Madrid Agreement, and the Process of Registration and the Advantages of Such Registration=68
3.3.2. Important Ways in Which a Company Can Protect Its Investment in a Trademark=69
3.3.3. The Protection of Geographical Indications Internationally=70
3.3.4. The Difference between a Geographical Indication and an Appellation of Origin=71
3.4. Patents=71
3.4.1. Benefits Accruing from a Patent and the Responsibility of Enforcing a Patent=72
3.4.2. Examples of the Things That Are Not Usually Patentable and Three Characteristics That an Invention Should Have in Order to Be Patent Protected=72
3.5. WIPO Administered Registration Systems=73
3.5.1. The Main Difference between Industrial Design Protection and Patent Protection=73
3.5.2. The Procedure of Using the PCT=76
3.6. Conclusion=76
Chapter 4. Land Policy and Economic Development in Zambia=77
4.1. Introduction=77
4.2. Historical Summary of the Evolution of Land Policy=78
4.2.1. The Colonial Legacy=78
4.2.2. Land Reforms under the Single-Party System=79
4.2.2.1. Background to the Reforms=79
4.3. The Land(Conversion of Titles) Act 1975=82
4.3.1. Vesting of Land in the President=82
4.3.2. Conversion of Titles=82
4.3.3. Land Control=83
4.3.4. Restriction on Subdivision and Alienation of Land=83
4.3.4.1. Lack of Criteria for Determining Prices=84
4.3.4.2. Absence of an Appellate System=85
4.3.4.3. Absence of Enforcement Provision=85
4.3.4.4. Delays in Processing Applications for Consent=85
4.3.5. Extension of Control under the Amendment Act of 1985=85
4.3.6. The Concept of Land without Value=86
4.3.7. Restriction of the Number of Agricultural Holdings=87
4.4. The Land Act No.20 of 1995=88
4.4.1. Application of the Act=88
4.4.2. Vesting of Land=89
4.4.3. The powers to grant land=89
4.4.4. Dispute Settlement:The Lands Tribunal=91
4.4.5. Land Development Fund=92
4.5. The Law of Landlord and Tenant=93
4.6. The Rent Act 1972=94
4.6.1. Fixation of standard rent=94
4.6.2. Increase of rent=94
4.6.3. Restriction of the Right to Possession or Ejectment=95
4.6.4. Restriction on Premiums=96
4.6.5. Repairs=96
4.6.6. Assignment or Subletting=96
4.6.7. Enforcement of the Act=96
4.6.8. Evaluation=97
4.7. The Landlord and Tenant(Business Premises) Act 1971=97
4.8. Conclusion=100
Chapter 5. Regulation of Foreign Direct Investment in Zambia=103
5.1. Introduction=103
5.2. Administrative Machinery=106
5.2.1. The Investment Centre=106
5.2.2. The Investment Board=107
5.2.3. Director-General and Staff=108
5.3. Procedures for Investment=108
5.4. investment Certificate=110
5.5. Incentives=110
5.5.1. General Incentives=110
5.5.2. Special Incentives=112
5.6. Investment Guarantees=113
5.7. Incentives for Small Scale and Village Industries=113
5.8. Constitutional Protection=114
5.9. General Observations and Conclusions=115
Chapter 6. Banking and Financial Services Laws in Zambia=117
6.1. Introduction=117
6.2. Sources and Types of Regulations=119
6.3. Banking Regulation=119
6.3.1. Regulation by the Central Bank before Independence=119
6.4. Other Pre-Independence Legislative Regulations=120
6.4.1. The Southern Rhodesia Currency Board=120
6.4.2. The Constitution of the Federation of Rhodesia and Nyasaland=121
6.4.3. The Bank of Northern Rhodesia Ordinance=121
6.5. Regulation of Banks after Independence=121
6.5.1. The Bank of Zambia Act, 1964=121
6.5.2. the Bank of Zambia Act, 1985=122
6.6. Regulation by Parliament and Public Officials=124
6.6.1. The Banking Act, 1959=124
6.6.2. The Banking Act 1965=127
6.6.3. The Banking Act 1971=128
6.6.4. Banking and Financial Services Act 1994=128
6.7. Other Legislative Enactments=132
6.8. Regulation of Securities and Lending=135
6.8.1. The Securities Act 1993=135
6.8.2. Lending Securities=138
6.8.3. The Agricultural Credits Act=139
6.8.4. The Trade Charges Act=141
6.9. Conclusion=145
Chapter 7. A Comparative Study of the Law on Insider Dealing in Slovenia and Zambia=147
7.1. The Law Prohibiting Insider Dealing in Slovenia and Zambia=148
7.2. Insider Dealing Law and Civil Remedies=153
7.3. Liability of Companies and de Facto Directors=154
7.4. Liability of Journalists As Insider Dealers=157
7.5. Are Intermediaries Professionals As Required by Insider Dealing Law?=157
7.6. What Constitutes 'Materiality' and 'Knowledge' in Insider Dealing Law?=159
7.7. Can Insider Dealing Vitiate an Investment Contract?=161
7.8. Trustees As Insider Dealers and Conflict of Their Fiduciary Duties=162
7.9. Conclusion=163
Chapter 8. Privatisation Law in Zambia=165
8.1. Policy Objectives Underpinning the Privatisation Programme=166
8.1.1. From the Parastatal Era into Privatisations=169
8.2. A Definition of Privatisation=173
8.2.1. The Place for Private Companies=175
8.3. Zambia Privatisation Agency=176
8.3.1. Composition of the Agency=177
8.3.2. Functions of the Agency=177
8.3.3. Proceedings of the Agency=178
8.3.4. Delegation of Authority=179
8.3.5. Disclosure Requirements and Oath of Secrecy=180
8.4. Constitutionality of the Privatisation Programme in Zambia=181
8.4.1. Yoram Mushitu v, Zambia Privatisation Agency=181
8.4.2. The Importance of the Mushitu Case to Privatisation Law in Zambia=183
8.5. Procedures for Privatisation and Commercialisation of Parastatal Companies=183
8.5.1. Golden Share=185
8.5.2. The Privatisation Act 1992 and It's Erosion of Duties of Company Directors=187
8.5.3. Privatisation Modalities=189
8.5.4. The Stock Exchange and Privatisation=189
8.5.5. Substantial Acquisitions on the Lusaka Stock Exchange=190
8.5.6. Valuation of Parastatals=191
8.5.7. Purchasers of Securities under the Privatisation Programme=192
8.5.8. Disclosure by Purchasers of Securities and Disclosure by Political Leaders=193
8.5.9. The Privatisation Trust Fund and Domestic Participation=193
8.5.10. Payment for Securities under the Privatisation Act 1992=194
8.6. Further Evidence Pointing to Possibilities of a Twin System of Corporate law=197
8.7. Superficiality of the 'Common Law Agency' Theory under the Privatisation Programme=200
8.8. Should Company Directors Act in the Interests of the Company Being Privatised or in the Interests of the Zambia Privatisation Agency?=202
8.9. Recommendations to Achieve a Better Means of Privatising Parastatal Companies in Zambia=203
8.10. Conclusion=206
Chapter 9. A Comparative Study of the Law on Insider Dealing in Albania and Zambia=209
9.1. The Law Prohibiting Insider Dealing in Albania and Zambia=209
9.2. Insider Dealing Law and Civil Remedies=212
9.3. Liability of Companies and de Facto Directors=214
9.4. Liability of Journalists As Insider Dealers=217
9.5. Are Intermediaries Professionals As Required by Insider Dealing Law?=217
9.6. What Constitutes 'Materiality' and 'Knowledge' in Insider Dealing Law?=218
9.7. Can Insider Dealing Vitiate an Investment Contract=221
9.8. Trustees As Insider Dealers and Conflict of Their Fiduciary Duties=222
9.9. Conclusion=222
Chapter 10. Legal Aspects of Corporate Management and Practice=225
10.1. Introduction=225
10.2. Paradigms and Competencies=226
10.3. Learning Styles=230
10.4. Conclusion=231
Chapter 11. Principles of Tax Law in Zambia=233
11.1. The Institutional Framework for the Administration of Tax Law=234
11.1.1. The Competent Authority=234
11.1.2. Functions of the Governing Board of ZRA=238
11.1.3. Term of Office on the Governing Board=240
11.1.4./(11.2.4.) Conduct of Administrative Business by the Governing Board=241
11.1.5. Disclosure of Interests by Members of the Governing Board=244
11.1.6. Judicial Immunity of Members of the Governing Board=246
11.1.7. Office of the Commissioner-General and Its Compromised Independence=246
11.1.8. The Financing of ZRA=248
11.2. Principles of Tax Law=250
11.3. Conclusion=262
Chapter 12. Corporate Law Developments Relating to Payment for Shares in Zambia=265
12.1. Allotment of Shares for Cash=269
12.2. Allotment of Shares for Consideration Other Than Cash=271
12.2.1. Non-Cash Considerations in the Case of Public Companies=272
12.2.2. Non-Cash Considerations in the Case of Private Companies=273
12.3. General Rule on Allotment of Shares at a Premium=275
12.4. Share-Watering and Non-Cash Considerations in Zambia=276
12.5. Allotment of Shares at a Premium in Zambia=277
12.6. Financial Assistance in Acquisition of Companies Shares-The Zambian and UK Positions, Respectively=278
12.7. Principal Exceptions to the General Rule on Financial Assistance=284
12.8. Other Exceptions to the General Rule on Financial Assistance=286
12.9. Does Financial Assistance Render the Contract Void and What Is the Nature of Liability for Financial Assistance?=288
12.10. Liability for Engaging in Financial Assistance=290
12.11. Conclusion=291
Chapter 13. Developments in Labour Law of International Organisations=293
13.1. Introduction=294
13.2. Brief Facts of the Case and Major Issues before the Court=294
13.3. The judgement=300
13.4. A Critical Analysis of the judgement=310
13.5. Conclusion=315
Chapter 14. Development of Sound Financial Systems in Africa:A Public and Private Sector Challenge=321
14.1. Introduction=321
14.2. Historical Background=326
14.3. Structure of the Zambian Financial Market=330
14.3.1. The Central Bank=330
14.3.2. The Money Markets=331
14.3.3. The Capital Markets=333
14.3.4. Commodity Exchange=335
14.4. Legal Framework for Financial Transactions in Zambia=336
14.5. Banking Supervision in Africa-The Challenge=345
Chapter 15. Legal Aspects of Insurance:The Africa Trade Insurance Agency=353
15.1. Context of the Study=354
15.2. A Political Discourse=356
15.3. Zambia's Non-Banking Financial Sector=363
15.3.1. The African Trade Insurance Agency=369
15.4. Conclusion=374
Chapter 16. Economic Development and Human Rights:The Inter-Play of Primacy and Complementarity=375
16.1. Introduction=375
16.2. Developmentalism and 'Benevolent and Enlightened' Dictators=377
16.3. Human Right Standards for Africa=382
16.4. Preliminary Insights into the Discourse=382
16.5. Misconceptions in the Discourse and the Deconstruction of Such Conjectures=383
16.6. Weighing the Concept of Human Rights against That of Responsibilities in an African Set-Up=384
16.7. Taking Account of the Modernisation Trend in the Post-Colonial African State=386
16.8. Setting the Law in Context and Some Contextual Analogies=388
16.9. Conclusion=391
Chapter 17. Developments on the Ultra Vires Doctrine in Zambia:A Company without a Memorandum of Association=393
17.1. Introduction=393
17.2. The Zambian Context and Some Analogies=396
17.3. Economics of the Law and Some Comparative Analyses=399
17.4. Conclusion=401
Chapter 18. Can Secret Trusts Survive Property-Grabbing in Africa?=403
18.1. Introduction=403
18.2. Anatomy of Secret Trusts=404
18.3. Inter-Cultural Marriages and the Threat of Property-Grabbing=411
18.4. The Underdeveloped State of African Customary Law=414
18.5. Property-Grabbing and the Extended Family Concept=416
18.6. Property-Grabbing Set against the Background of Trusts Law=425
18.7. Conclusion=428
About the Contributors=429
Index=433