Fiddich Review Centre
Alternative Investment

Investor Must Pay £1.5M To Keep Freezing Order In Fraud Suit

By Joanne Faulkner (August 26, 2022, 7:56 PM BST) — A London judge ruled Friday that a company run by property entrepreneur Nick Candy must stump up £1.5 million ($1.8 million) to continue a worldwide freezing order against a dotcom-era tech investor he’s accused of fraud.

High Court Judge Simon Bryan gave Candy, who controls Candy Ventures Sarl, until Aug. 31 to deposit the money with the court, or the freezing order against Robert Bonnier and his Dutch social media company would be discharged.

Judge Bryan said during an oral judgment that having heard evidence of the cash said to be in Candy’s bank accounts and having read his witness statement,…

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.

  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!


Source link

Related posts

INVL Baltic Sea Growth Fund-backed PET Baltija completes


Egypt-based fintech investment platform raises $1mln in pre-seed round


Abacus Life, a Leading Buyer of Life Insurance Policies and Vertically Integrated Alternative Asset Manager, to Become Public Company | News


Leave a Comment