The Abu Dhabi-based Privinvest group has failed to obtain permission to appeal against the decision of the High Court in London, which in July ruled that the company must pay billions of dollars to Mozambique. The High Court judge, Robin Knowles, concluded that Privinvest paid bribes to secure contracts to supply ships...
The verdict in the case concerning the payment of bribes to enable illegal loans to PROINDICUS, MAM and EMATUM, which is being heard by the High Court in London, will be announced next Monday. The trial was originally due to take place last week, but without justification, Judge Robin Knowles of the High Court in London postponed the verdict. In this international instance, Mozambique has sued Privinvest and its owner, Iskandar...
The son of former president José Eduardo dos Santos has been freed from the five-year prison sentence handed down by Angola's Supreme Court. José Filomeno dos Santos was sentenced to five years in prison by the Angolan Supreme Court in 2020 in the case of the 500 million dollars illegally transferred...
The London Court of Appeal considers that the President of the Republic, Filipe Nyusi, has diplomatic immunity and cannot be held responsible in the context of the case of Mozambique's hidden debts, as Privinvest wanted. The information was released on Thursday by the British court, stressing that Nyusi cannot be prosecuted in the UK...
Lawyers representing Privinvest told the Court of Appeal on Wednesday that Nyusi had been properly served when court documents were left at his presidential palace in 2021. As Nyusi only claimed immunity in 2023, "he was out of time... and that's the end of the matter," said Privinvest's lawyer, Duncan...
The Mozambican state is demanding 3.1 billion dollars from the Naval Privinvest group and its owner, Iskandar Safa, for damages, compensation and indemnity as part of the "hidden debts" case that began today at the Commercial Court in London. The amount was revealed on Tuesday during the start of the trial, delayed after the agreement reached a...
The trial of Mozambique's "hidden debts" case is due to begin today, Tuesday with opening arguments, after a delay due to issues raised yesterday, Monday by various parties involved. Yesterday, Credit Suisse criticized the legal team representing Mozambique's Attorney General's Office (PGR) for continuing to involve the Swiss bank...
The shipping group Privinvest has waived its right to call the Mozambican head of state, Filipe Nyusi, as a witness in the trial over Mozambique's hidden debts in the London Commercial Court. The decision was announced by the company's lawyer during a hearing held this Thursday to discuss the reorganization of proceedings as a result of the agreement...
The Minister of Economy and Finance revealed this Monday that the state has spent around 80 million dollars since 2019 on lawyers for the trial of the hidden debts case in London. Max Tonela said during a joint press conference with the Attorney General's Office in Maputo that "since the beginning of the process, in...
Mozambican analysts consider that the decision by the British courts to rule on the debt cancellation action submitted by the Mozambican state creates "hope and great expectations" for Maputo, but the outcome of the court decision remains "uncertain". It should be remembered that on September 20, the London Commercial Court, part of the High Court in London,...