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Friday, July 2, 2021
Volume:
37
Issue:
7
Abstract:
On June 23, 2021, the Amsterdam Court of Appeal agreed with the report of a court-appointed director that a transaction, whereby the former husband of the daughter of the former Angolan President, in 2006 whereby Angola’s state oil company, Sonangol, bought shares in Galp, the Portuguese energy company, was “null and void” because it was an act of corruption.[1]
[1] Exem Energy Company v. Esperaza Holding B.V., Amsterdam Court of Appeal, Business Chamber, Case Number: 200.275.461/02, June 23, 2021, Opinion https://uitspraken.rechtspraak.nl/inziendocument?id=ECLI:NL:GHAMS:2021:1837&showbutton=true&keyword=exem.