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Court Returns Control of Habanos S.A. to Chen Zhi - Tobacco Reporter
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Court Returns Control of Habanos S.A. to Chen Zhi - Tobacco Reporter
It ruled that liquidation orders covering more than 30 entities should be discharged because the AG failed to provide admissible evidence supporting the applications. The post Court Returns Control of Habanos S.A. to Chen Zhi first appeared on Tobacco Reporter.
A British Virgin Islands judge opened the door to reinstate control over 30 companies linked to Chen Zhi, a decision that could further complicate the international distribution of Cuban cigars.
A court in the Virgin Islands returns control of its companies to the sanctioned tycoon, which puts the Cuban side at greater risk
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