Quantum Global Group
@quantum_global
African Investors' partner of choice for Private Equity, Investment Management, and Research
ID: 508809835
http://quantumglobalgroup.com 29-02-2012 12:38:39
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.Quantum Global Group won a full discharge of a worldwide freezing order from an English High Court. Chairman and Founder Jean-Claude Bastos said: “ I have always believed that the truth and facts about our work with the Angolan fund would come out.” uk.reuters.com/article/uk-ang…
The English High Court issued a milestone judgment in favour of Quantum Global Group and its founder Jean-Claude Bastos in their dispute with the SWF of Angola . The Court confirmed its earlier decision to discharge in full a $3 billion worldwide freezing order (WFO).
.Quantum Global Group will now focus on resolving issues in Mauritius and Switzerland, where the authorities’ freezing of Quantum Global’s bank accounts and suspension of its business license have severely damaged the company’s business, in a case mirroring that in the UK.
The English High Court has ordered an inquiry into damages caused by the Angolan Sovereign Wealth Fund against Quantum Global Group and the Group’s Founder Jean-Claude Bastos. bit.ly/2PpXgh0
The Supreme Court of the Canton of Zug, #Switzerland follows the English High Court judgment and rejects SWF of Angola freezing order execution request against Quantum Global Group and Jean-Claude Bastos. bit.ly/2FOIrB5
.Jean-Claude Bastos has been released from detention and no charges have been filed. Mauritian authorities have removed freezing orders and reinstate Quantum Global Group licenses.
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