Freezing Order Annulled After Claimant Found to be in Breach of Disclosure Duty

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The High Court of England & Wales has annulled a USD $3B international freezing order, from earlier this year in April 2018 to Angola’s sovereign wealth fund (FSDEA) against almost 25 people and organisations, including its previous Administrator José dos Santos. The court discovered FSDEA in ‘genuine and considerable’ breach of its exposure commitments obligations as per Fundo Soberano De Angola v dos Santos, 2018 EWHC 218