Wiese wins first round in lawsuit against Jooste over Lanzerac wine estate | Business

  • 📰 News24
  • ⏱ Reading Time:
  • 22 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 80%

المملكة العربية السعودية أخبار أخبار

المملكة العربية السعودية أحدث الأخبار,المملكة العربية السعودية عناوين

The Western Cape High Court has given Christo Wiese the greenlight to proceed with his lawsuit against his former Steinhoff colleague Markus Jooste to regain control of Lanzerac Wine estate. | News24_Business

According to Wiese, while Jooste said back in 2011 that he was merely representing a consortium of third-party investors, it was now clear that he was behind the deal from the start.

The first argument put forward was that the terms of the sale contract meant Weise couldn't seek to have it cancelled. The defendants' second argument was that the sale couldn’t be reversed as Steinhoff's shares had fallen precipitously in value. Again Binns-Ward was unimpressed, ruling that Wiese could return any shares in Steinhoff as long as they were in the same class as the shares he had received.

 

شكرًا لك على تعليقك. سيتم نشر تعليقك بعد مراجعته.
لقد قمنا بتلخيص هذا الخبر حتى تتمكن من قراءته بسرعة. إذا كنت مهتمًا بالأخبار، يمكنك قراءة النص الكامل هنا. اقرأ أكثر:

 /  🏆 4. in SA

المملكة العربية السعودية أحدث الأخبار, المملكة العربية السعودية عناوين