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Top related persons:
Robin Knowles - 1 SISE - 1 Privinvest - 1 Kirstin Ridley - 1 Rachel Savage - 1 Sam Tobin - 1 Conor Humphries - 1
Top related locs:
London Mozambican Mozambique UAE Lebanese Swiss U.S United States
Top related orgs:
Credit Suisse - 1 Privinvest - 1 International Monetary Fund - 1 Mozambican - 1 UBS - 1 Lawyers - 1 Thomson - 1

Search resuls for: "SISE"


2 mentions found


☆ Mozambique "tuna bond" case against Credit Suisse can proceed, UK judge rules
  + stars: | 2023-07-03 | by ( Kirstin Ridley | ) www.reuters.com   time to read: +3 min
But he warned: "At trial, all alternatives, including to strike out and in whole or in part, remain available." Credit Suisse, UAE-Lebanese Privinvest and others argued that a lack of "adequate" disclosure jeopardised a fair trial. Under English litigation rules, each party has to disclose documents on which they rely for their case, those that might damage their own case and those that support the case of others. A spokesperson for Credit Suisse said the bank noted the judgment and "continues to defend itself". Credit Suisse agreed to pay about $475 million to British and U.S. authorities in 2021 to resolve bribery and fraud charges and has pledged to forgive $200 million of debt owed by Mozambique.
Persons: Robin Knowles, SISE, Privinvest, Kirstin Ridley, Rachel Savage, Sam Tobin, Conor Humphries Organizations: Credit Suisse, Privinvest, International Monetary Fund, Mozambican, UBS, Lawyers, Thomson Locations: London, Mozambican, Mozambique, UAE, Lebanese, Swiss, U.S, United States
☆ Mozambique ordered to open files in Credit Suisse, Privinvest 'tuna bond' case
  + stars: | 2023-03-03 | by ( Kirstin Ridley Rachel Savage | Kirstin Ridley | Rachel Savage | ) www.reuters.com   time to read: +3 min
The tuna bond or "hidden debt" scandal, one of Africa's most high-profile corruption cases of recent years, has triggered a spate of litigation from Maputo to Washington. But the London case could establish whether one of the world's poorest countries can secure compensation and restitution. Credit Suisse, Privinvest and others had called for the complex case of claim and counter-claim to be nixed if Mozambique fails to provide "adequate" disclosure within one month of any court order. Mozambique's attorney general has said that state secrecy prevents some documents from being disclosed. Privinvest has said it delivered on all of its obligations under the contracts and any payments it made were legal under Mozambican law.
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