Monday, July 23, 2012
A SUPREME Court justice has allowed a billionaire metals trader to apply for a court order “for the committal to prison” of Deputy Prime Minister Philip “Brave” Davis for alleged contempt of court.
The order by Justice Rhonda Bain, dated Friday, July 20, refers to the plaintiff, Amir Perez Weissfisch (and others) and the defendants, Philip Edward Davis (and others).
It says: “The plaintiff have permission to make an application to this court for an order for the committal to prison of the defendant Mr Philip Edward Davis for his alleged contempt of this court by breach of his undertaking given to the court on the 28th day of August, 2009.”
In 2010 an action was filed in the Supreme Court against Mr Davis, a lawyer, by a Liechtenstein foundation accusing him of wrongfully claiming ownership of shares in Metals Holding Corporation, thereby interfering with the investment of that company’s assets. Mr Davis was being sued in his capacity as trustee of the APW (Amir Perez Weissfish) Trust and as director of Metals Holding Corporation.
Wayne Munroe, the sole director of SFP Metals (UK) Limited, a private limited company incorporated in England, in his director’s report on the company’s 2010 accounts said that Mr Davis was the trustee of the APW Trust which owns the entire issued share capital of SFP Metals SA.
In 2006, in England, Rami Weisfisch was accused by his younger brother, Amir Weissfisch, of refusing to account for his partnership profits.
(The brothers spell their surnames differently. Rami Weisfisch dropped an ‘s’ from the family Weissfisch surname in spelling his own name).
Their firm, the Metals Resources Group, became a dominant force in the global cobalt market in London in 1999. The company closed in 2002.
The firm was registered in the Bahamas, where litigation has continued.
In that time three Judges have recused themselves at the request of Rami’s legal team, Justices Anita Allen and Jon Isaacs, with Justice Lyons, who started the case, the first to step down.
The last judge, Mr Justice Stephen Isaacs refused Rami’s request that he recuse himself. Rami had alleged that Justice Isaacs had shown bias towards his younger brother, which the judge denied. However, Justice Isaacs, later of his own volition, removed himself from the case.
Comments
242352 says...
He'll get off and the judge will have to leave the country....
Posted 23 July 2012, 12:28 p.m. Suggest removal
242352 says...
I see that no one is Brave enough to comment on this one!!!
Posted 23 July 2012, 9:53 p.m. Suggest removal
Arob says...
ELUCIDIATION!
Part I. THE CONVOLUTED WORLD of IBCs: How lawyers become millionaires
Accusation: Davis claimed ownership of shares in Metals Holding Corporation
Accuser: Liechtenstein foundation lawyer
Davis: Director of Metals Holding Corporation (unsure if there are other directors)
Davis: Trustee of the APW (Amir Perez Weissfish) Trust (source: Munroe’s correspondence)
APW: Owner of SFP Metals SA (source: Munroe’s correspendence)
Munroe: Director of SPF Metals (UK) Limited (sole director)
http://www.sfp-cobalt.co.uk/index.asp
(Nick French founded SFP Metals (UK) Ltd. in 1999. Mr. French has 25 years experience in the management of metals companies. He served as a Director of SFP Metals (UK) Ltd.)
THE SAGA
AMIR: Rami had a life-threatening heart surgery and wanted to make sure that his family would be provided for if he died. He claims that he transferred the $88m to Rami and his daughter. But Rami survived his heart bypass operation. Part of the agreement in November 2001 that if Rami lived 'the sum of $37.5m would be repaid to [Amir] within three months along with further sums to be identified'. Rami failed to do this and 'wrongfully and in breach of the oral agreement, [Rami] continues to assert rights over and in MRG Group [and] to direct the business of MRG Group'. Rami threatened to 'pursue spurious criminal allegations' against him, and destroy his standing in the Bahamas, where he lived.
RAMI: Rami denies Amir's account of events and is contesting the claim.
Source: The Observer, Conal Welsh, 19 February 2006
Cont'd
Posted 24 July 2012, 7:56 a.m. Suggest removal
Arob says...
PART 2
Draft Audit Faults Zambia's Mining Deals, By Alan Cowell, February 16, 2001
In 1998 and 1999 managers at Zambia’s state-owned mining company struck an exclusive contract with a Bahamas company (Metals Holding Corporation) for the sale of its cobalt. The contract was struck more than a year before Zambia's copper mining and cobalt processing industries were sold to private, mainly South African, buyers. At prevailing market prices, sales of cobalt should have earned $95 million for Zambia in 1998 and 1999. But, the national accounts showed an income of $30 million. ''The discrepancy highlights a serious cause for concern regarding the sales of cobalt metal during that period. (The New York Times obtained a draft copy of the World Bank and I.M.F. report)
SPR METALS ( Metal Bulletin, 10 October 2011)
SFP Metals' profit for the year to December 31, 2010 soared to $6.8 million on renewed market confidence
Net profits increased 184%, up from $2.4 million in 2009, while revenue rose 89% to $144.7 million, and profit before tax hit $9.4 million in 2010, from $3.4 million in 2009.
Shareholders’ funds also improved, increasing 128%, to $12.1 million for the year, although a dividend was not recommended.
“I cannot tell how the truth may be; I say the tale as it was said to me”
Sir Walter Scott
Posted 24 July 2012, 7:58 a.m. Suggest removal
proudloudandfnm says...
Brave needs to finish this, if he is innocent then let him go to court and prove it. If Perry is serious about caring for our country he will order Brave to step down and vacate his post. We cannot have our DPM with the spectre of criminality hanging over his head. We finally got Pindling out of office and were fortunate to get a PM that was able to take us back to honor, thank you HAI. We cannot have this hanging over us anymore, we had enough embarrassment from the Pindling days.
Posted 24 July 2012, 10:24 a.m. Suggest removal
Log in to comment