Fundo Soberano De Angola & Ors v dos Santos & Ors

Fundo Soberano De Angola & Ors v dos Santos & Ors

The worldwide freezing order and proprietary injunction must be set aside and not continued due to serious and culpable material non-disclosure by the claimants on the without notice application, absence of a real risk of dissipation, lack of jurisdiction over most claims and defendants, and failure to establish a good arguable case for the relief sought.

Parties
Claimant: FUNDO SOBERANO DE ANGOLA; Claimant: FSDEA HOTEL INVESTMENT LIMITED; Claimant: FSDEA AFRICA AGRICULTURE (LP); Claimant: FSDEA AFRICA INVESTMENT (LP) LIMITED; Claimant: FSDEA AFRICA HEALTHCARE (LP); Claimant: FSDEA AFRICA MEZZANINE (LP) LIMITED; Claimant: FSDEA AFRICAN MINING (LP) LIMITED; Claimant: FSDEA AFRICA TIMBER (LP) LIMITED; Defendant: JOSÉ FILOMENO DOS SANTOS; Defendant: JEAN-CLAUDE BASTOS DE MORAIS; Defendant: QUANTUM GLOBAL INVESTMENT MANAGEMENT AG; Defendant: QG INVESTMENTS AFRICA MANAGEMENT LIMITED; Defendant: QG INVESTMENTS LIMITED; Defendant: QUANTUM GLOBAL ALTERNATIVE INVESTMENTS AG; Defendant: HOTEL AFRICA (GP) LTD; Defendant: AGRICULTURE AFRICA (GP) LTD; Defendant: HEALTHCARE AFRICA (GP) LTD; Defendant: MEZZANINE AFRICA (GP) LTD; Defendant: MINING AFRICA (GP) LTD; Defendant: TIMBER AFRICA (GP) LTD; Defendant: INFRASTRUCTURE AFRICA (GP) LTD; Defendant: QG AFRICAN INFRASTRUCTURE 1 LP; Defendant: QG AFRICA HOTEL LP; Defendant: QG AFRICA AGRICULTURE LP; Defendant: QG AFRICA HEALTHCARE LP; Defendant: QG AFRICA MEZZANINE LP; Defendant: QG AFRICA MINING LP; Defendant: QG AFRICA TIMBER LP; Defendant: THE NORTHERN TRUST COMPANY
Jurisdiction
England and Wales
Judgment Date
16 August 2018
Procedural Posture
Commercial / Ruling on Continuation/discharge of Worldwide Freezing Order and Proprietary Injunction
Outcome
worldwide freezing order and proprietary injunction set aside; no fresh order granted
Legal Topics
Freezing Injunctions, Proprietary Injunctions, Jurisdiction, Arbitration Agreements, Forum Non Conveniens, Full and Frank Disclosure, Constructive Trust, Conspiracy, Fiduciary Duty
Commercial Law Civil Procedure Equity Freezing Injunctions Proprietary Injunctions Jurisdiction Arbitration Agreements Forum Non Conveniens +4 more

Case Brief

Summary, issues, holding and outcome

More case intelligence is available

Unlock the full research layer for this judgment.

Full judgment text Downloadable case file Legal principles 5 Authorities cited 13 Party arguments 2 Amounts and remedies 9
Sign in to unlock

Parties

FUNDO SOBERANO DE ANGOLA

Claimant

FSDEA HOTEL INVESTMENT LIMITED

Claimant

FSDEA AFRICA AGRICULTURE (LP)

Claimant

FSDEA AFRICA INVESTMENT (LP) LIMITED

Claimant

FSDEA AFRICA HEALTHCARE (LP)

Claimant

FSDEA AFRICA MEZZANINE (LP) LIMITED

Claimant

FSDEA AFRICAN MINING (LP) LIMITED

Claimant

FSDEA AFRICA TIMBER (LP) LIMITED

Claimant

JOSÉ FILOMENO DOS SANTOS

Defendant

JEAN-CLAUDE BASTOS DE MORAIS

Defendant

QUANTUM GLOBAL INVESTMENT MANAGEMENT AG

Defendant

QG INVESTMENTS AFRICA MANAGEMENT LIMITED

Defendant

QG INVESTMENTS LIMITED

Defendant

QUANTUM GLOBAL ALTERNATIVE INVESTMENTS AG

Defendant

HOTEL AFRICA (GP) LTD

Defendant

AGRICULTURE AFRICA (GP) LTD

Defendant

HEALTHCARE AFRICA (GP) LTD

Defendant

MEZZANINE AFRICA (GP) LTD

Defendant

MINING AFRICA (GP) LTD

Defendant

TIMBER AFRICA (GP) LTD

Defendant

INFRASTRUCTURE AFRICA (GP) LTD

Defendant

QG AFRICAN INFRASTRUCTURE 1 LP

Defendant

QG AFRICA HOTEL LP

Defendant

QG AFRICA AGRICULTURE LP

Defendant

QG AFRICA HEALTHCARE LP

Defendant

QG AFRICA MEZZANINE LP

Defendant

QG AFRICA MINING LP

Defendant

QG AFRICA TIMBER LP

Defendant

THE NORTHERN TRUST COMPANY

Defendant

Procedural Posture

Commercial / Ruling on Continuation/discharge of Worldwide Freezing Order and Proprietary Injunction

Legal Issues

  1. 1 Whether the worldwide freezing order (WFO) and proprietary injunction should be continued or discharged
  2. 2 Whether there was material non-disclosure by the claimants on the without notice application
  3. 3 Whether the English court has jurisdiction over the claims and defendants

Ratio Decidendi

The worldwide freezing order and proprietary injunction must be set aside and not continued due to serious and culpable material non-disclosure by the claimants on the without notice application, absence of a real risk of dissipation, lack of jurisdiction over most claims and defendants, and failure to establish a good arguable case for the relief sought.

Court Disposition

worldwide freezing order and proprietary injunction set aside; no fresh order granted

Orders

  • The worldwide freezing order is discharged.
  • No fresh freezing or proprietary injunction is granted.