Hidden debts: London court sets October hearing to debate Iskandar Safa's responsibility

Dívidas ocultas: Tribunal de Londres agenda para Outubro audiência para debater a responsabilidade de Iskandar Safa

The judge at the London Commercial Court, Robin Knowles, has set October 9 as the date for the hearing of yet another "legal battle" regarding the enforcement of the judgment in the case of the hidden debts.

A publication by Sunday newspaper says that this time it is a question of determining who (heir or heirs) should assume responsibility in place of Privinvest's patron, Iskandar Safa, who was also a defendant and who died after the trial but before the judgment was read.

Last week, the British courts also forced the shipping company Privinvest, involved in the hidden debts case before the High Court in London, to advance 20 million dollars as a deposit to the court in favor of Mozambique. The decision comes in the context of the implementation of the sentence handed down on July 29.

In the same context, Judge Robin Knowles set the costs owed to the Mozambican state at 80% to be quantified in execution, according to the same Mozambican publication. Sunday newspaper.

Meanwhile, another major victory is that the shipbuilding company wanted the judge to award a minimum (symbolic) amount of compensation, but the judge said he wasn't prepared to reopen the discussion on this matter because it was already included in the ruling.

Likewise, the judge set the interest rate on the amount arbitrated as compensation at four percent, instead of two, which is the standard rule and which Privinvest wanted to be determined.

"At present, the possible admission of Privinvest's appeal and its effects, which may be suspensive or merely devolutive, are under discussion," says the same publication.

It should be remembered that in the original ruling, Judge Robin Knowles had granted Mozambique the right to receive 825 million dollars and determined that the country should be compensated for the 1.5 billion dollars it owes to banks and bondholders.

 

(Photo DR)

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