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home / news releases / RAIFF - Scully Royalty: Worldwide Asset Freeze In Anticipation Of Claims Against Key Assets

RAIFF - Scully Royalty: Worldwide Asset Freeze In Anticipation Of Claims Against Key Assets

Raiffeisen Bk Intl Ag Ord
  • There's been a judgment against Scully Royalty in the Grand Court of the Cayman Islands.
  • As a result a world wide asset freeze remains in place.
  • This puts an end to the dream of a spin-off of the company's valuable iron ore royalty for now.
  • Potentially, the judgment is a precursor to further claims against the company's most valuable assets.
  • The judgment raises questions regarding the veracity of the company's disclosures especially given a recent SEC letter regarding said disclosures.

For further details see:

Scully Royalty: Worldwide Asset Freeze In Anticipation Of Claims Against Key Assets
Stock Information
Company Name: Raiffeisen Bk Intl Ag Ord
Stock Symbol: RAIFF
Market: OTC
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