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https://www.wallace.co.uk/articles/wallace-successfully-secures-the-discharge-of-worldwide-freezing-orders-for-aaqua-group?utm_source=DSMN8&utm_medium=LinkedIn Following a series of hearings in the Commercial Court during the past month, worldwide freezing injunctions were discharged over Wallace’s clients Aaqua BV, Aaquaverse PTE Ltd and Robert Bonnier (together the “Aaqua Parties”).

In late July 2022, the freezing orders were obtained on an ex parte basis by the Luxembourg investment outfit Candy Ventures SARL (“CVS”), which is 90% owned by the well-known businessman, Nick Candy. However, following an urgent application and three hearings held during the Court’s vacation period, the freezing orders were discharged and CVS conceded that the orders had been wrongly granted and agreed to pay the Aaqua Parties’ costs on the indemnity basis. The underlying claim against Aaquaverse was also struck out.

An Inquiry will now be held into the damages caused by the WFOs. Mr Candy has been joined to the proceedings for the purpose of the Inquiry, so that the Aaqua parties may enforce any damages caused by the freezing orders pursuant to undertakings given by both CVS and Mr Candy personally.

This was a hugely important outcome for the Aaqua Parties, whose reputation and business operations had been seriously prejudiced by the fact that the freezing orders had been wrongly granted.

I agree, from what little i've read about Horrocks he doesn't come across as a particularly decent character. He just wants his nose in the trough. Tobin is the man to keep an eye on IMO.

Well one thing's for sure. Micheal Tobin isn't selling and seems rather keen on the company and it's future prospects and let's face it, if anybody has a very good idea about what is going on, it is him.

No 'mystery' about the buyers though Kat. The people in the know.

Load up whilst it's still cheap i say. This moves fast.

US inflation figures just released 'higher than hoped'. Whence the slide.

Stack of money in the bank and a growing business, still. The market seems impressed.

10% of all global trade, in months?

No.

Or Venus trading their huge lump of loaned shares, yet again. LTH's have been well and truly shafted here, yet again.

Indeed. I will too.

You rely on 'a sucker born every minute' to enable you to ply your ****ty trade. In your heart you KNOW you're a person of low moral and that will be a serious burden to carry through life. It isn't good for your soul pal. One day you may wake up to that fact.

I agree. However now we have the first IM and now we are generating our first poxy revenue we won't be needing the poxy loan companies as we'll have our own stash hitting our own poxy bank account regular as clockwork as we onboard more poxy companies looking for a loan from SYME, as well you know.

What we REALLY need for the SP to move up is the poxy loan company to stop trading it's shares.

It's Proof of concept. Let the funding streams begin. Time to print our own money!

At least one a day i reckon ;)

All in good time Trigger.

Well done LTH. Lets hope for a decent and sustained rise in the SP from here on out

I'm just discussing the point. I'm no expert and don't claim to be but i certainly don't think it's as stupid an idea as some may think it to be. I 100% think other industries could also share the burden. Thatcher wasn't averse to windfall tax either for the Thatcherites of the board. The fact that most oil & gas companies have barely paid any tax in recent years surprised me.

The argument being widely made that the oil and gas companies already pay twice the tax rate of other companies, so the Treasury will be raking in increased revenue. This is true in itself, but it paints a rather false picture. UK oil and gas companies pay total corporation tax on their profits at 40%. But they also benefit from a wide range of tax reliefs for investment and decommissioning. The result is that most UK oil and gas companies have barely paid any tax over the last five years. Nineteen North Sea oil and gas companies, including BP and Shell, have actually been net recipients? ??of tax payers’ money. These rebates have made the UK tax regime one of the most generous in the world, with an average levy per barrel of oil of under $2, compared with, for example, $21 in Norway.

As much as our government tries to ruin our standing in the world i think it's fair to say we have a way to go before we're on par with those less stable African nations. An agreement that is fair to both the energy companies & the UK would need to be found. Truss has just handed the companies billions and lumped us with yet more debt. To think, it was Johnson that said 'he hasn't got a money tree, he has a whole forest!' about Corbyn!

Pretty sure if the government set its mind on setting out new terms it could set new terms. After all, it can compulsory purchase your land if it so wished...