Latest News & Insights
JUDGMENT- IZWE LOANS ZAMBIA PLC VS. BEATECH ENTERPRISES LIMITED AND BEATRICE CHISANGA 2025-HPC-0583 [2025] (26TH AUGUST 2025)
11th September, 2025
We acted for Izwe Loans Zambia Limited in Izwe Loans Zambia Limited v. Beatech Enterprises Limited & Beatrice Chisanga (2025/HPC/0583) before the High Court.
The Court reaffirmed that under Section 110 of the Banking and Financial Services Act No. 7 of 2017, interest on non-performing loans may accrue up to the outstanding principal at default. This ruling provides certainty for lenders and borrowers, confirming that default does not suspend obligations while guarding against excessive claims.
Our team, led by Senior Associate @Mary G. Mbewe, was privileged to represent our client in this matter, which reinforces key principles in Zambia’s banking and financial law.
At NOVUS HM Legal Practitioners, we remain committed to delivering practical legal solutions that strengthen confidence in Zambia’s commercial and financial sector.
NEW PARTNER ANNOUNCEMENT
10th March, 2023
We are delighted to announce that our Senior Associate Nchimunya Mwale has been promoted to Partner - Arbitration and Litigation. Nchimunya's appointment is a reflection of years of hardwork, commitment and loyalty to the Firm and its clients.
Please join us in congratulating Nchimunya.
All the best in your new role! #Partner #novushmlegal #careergrowth #arbitration #litigation

















