MILAN : U.S. fund Elliott has launched legal proceedings in Luxembourg against a minority investor in AC Milan which has been challenging in courts the 1.2 billion euro ($1.3 billion) sale of the Italian soccer club, according to documents and people familiar with the case.Bringing a writ of private crimi
MILAN : U.S. fund Elliott has launched legal proceedings in Luxembourg against a minority investor in AC Milan which has been challenging in courts the 1.2 billion euro sale of the Italian soccer club, according to documents and people familiar with the case.
According to Luxembourg law, a person who believes they have sufficient evidence can sue someone directly before a criminal court, without the public prosecutor's office opening an investigation. It is then up to a judge to decide directly on the merits of the case. Blue Skye representatives have been called to appear before the Luxembourg Court on Nov. 24, according to the writ of summons.
Elliott last year sold the seven-time European Cup winners AC Milan to U.S. investment firm RedBird Capital Partners.
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Exclusive-ChatGPT traffic slips again for third month in a rowOpenAI's ChatGPT, the wildly popular artificial intelligence chatbot launched in November, saw monthly website visits decline for the third month in a row in August, though there are signs the decline is coming to an end, according to analytics firm Similarweb.Worldwide desktop and mobile website visits t
Read more »
ChatGPT traffic slips again for third month in a rowOpenAI's ChatGPT, the wildly popular artificial intelligence chatbot launched in November, saw monthly website visits decline for the third month in a row in August, though there are signs the decline is coming to an end, according to analytics firm Similarweb. Worldwide desktop and mobile website visits t
Read more »
The Glory Villain Kim Hieora admits to being “bystander” in gang of school bullies, her victims say she did more than thatHer victims claim the actress sent them on cigarette runs and took money from them.
Read more »
Rosmah files application to have money laundering, tax evasion charges droppedKUALA LUMPUR — Weeks after the Malaysian High Court ordered for her money laundering and tax evasion trial to commence, Rosmah Mansor, the wife of Malaysia's former Prime Minister Najib Razak has now filed an application to drop all of the charges which she is currently on trial for.
Read more »
Ex-Malaysian PM’s wife Rosmah files application to strike out money laundering, tax evasion chargesThe charges against her are baseless, defective and premature, said Rosmah. Read more at straitstimes.com.
Read more »