Glenrand M.I.B Limited - Lappeman Diamond Cutting Works (Pty) Ltd - Leave to
appeal
Glenrand M.I.B Limited
(1997/008001/06)
JSE Code: GMB
ISIN: ZAE 000018529
Lappeman Diamond Cutting Works (Pty) Ltd - Leave to appeal
Lappeman Diamond Cutting Works (Pty) Limited ("Lappeman") has been granted
leave to appeal to the Supreme Court of Appeal after its recent appeal to
the full bench of the Witwatersrand Local Division of the High Court was
unsuccessful. This also follows upon the original court action that took
place during 1998 where the Court ruled in favour of Glenrand M.I.B Limited.
The present application for leave to appeal was concerned with the merits of
Lappeman`s main claim with regard to the duties of an insurance broker. The
aspects relating to quantum and the proof of Lappeman`s alleged loss has not
formed part of any of the litigation thus far and would accordingly also not
be the subject of any appeal at this stage.
4 June 2002
Investment bank and sponsor - Nedcor Investment Bank Limited
Date: 04/06/2002 05:27:16 PM Produced by the SENS Department
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