Post by account_disabled on Mar 11, 2024 5:55:56 GMT
By disrespecting the decision of the United States Court regarding the unlocking of Opportunity resources, the Brazilian Judiciary sets a precedent that will put investment funds from national institutions abroad at a disadvantage. This is the opinion of lawyer Antonio Pitombo, Opportunity's lawyer.
Last Wednesday, the US Court released US$ million in the name of the offshore Tiger Eye Investments Ltd, linked to the Opportunity bank, but federal judge Marcelo Costenaro Cavali, substitute for the th Federal Court of São Paulo, determined Austria Phone Numbers List that Daniel Dantas , Verônica Valente Dantas, Dório Ferman and other representatives of the bank, who are defendants in the operation called Satiagraha, are prevented from operating the account.
The lawyer explains that Opportunity acts in a similar way to other institutions in the market and that the Brazilian decision leaves foreign investors "vulnerable to disrespecting the legislation of the countries in which these investment funds are located due to the whims of public authorities in search of the spotlight" .
The judge of the court specializing in money laundering and financial crimes will impose a daily fine of R$ million if the defendants fail to comply with his order. In a press release, Pitombo warns that Opportunity will appeal the Brazilian decision and emphasizes that the process is under judicial secrecy.
Press release
The Brazilian court's decision to disregard the decision of the North American court in relation to the unlocking of Opportunity's resources sets a precedent and will put investment funds from national institutions abroad at a disadvantage.
Investors are vulnerable to disrespect for the legislation of the countries in which these investment funds are located due to the whims of public authorities in search of the spotlight.
Opportunity will appeal the recent decision of the Brazilian judge, which is under judicial secrecy.
Last Wednesday, the US Court released US$ million in the name of the offshore Tiger Eye Investments Ltd, linked to the Opportunity bank, but federal judge Marcelo Costenaro Cavali, substitute for the th Federal Court of São Paulo, determined Austria Phone Numbers List that Daniel Dantas , Verônica Valente Dantas, Dório Ferman and other representatives of the bank, who are defendants in the operation called Satiagraha, are prevented from operating the account.
The lawyer explains that Opportunity acts in a similar way to other institutions in the market and that the Brazilian decision leaves foreign investors "vulnerable to disrespecting the legislation of the countries in which these investment funds are located due to the whims of public authorities in search of the spotlight" .
The judge of the court specializing in money laundering and financial crimes will impose a daily fine of R$ million if the defendants fail to comply with his order. In a press release, Pitombo warns that Opportunity will appeal the Brazilian decision and emphasizes that the process is under judicial secrecy.
Press release
The Brazilian court's decision to disregard the decision of the North American court in relation to the unlocking of Opportunity's resources sets a precedent and will put investment funds from national institutions abroad at a disadvantage.
Investors are vulnerable to disrespect for the legislation of the countries in which these investment funds are located due to the whims of public authorities in search of the spotlight.
Opportunity will appeal the recent decision of the Brazilian judge, which is under judicial secrecy.