Sapinda's Windhorst Has Assets Frozen Over Deal Failure

Law360, London (July 7, 2017, 3:38 PM BST) -- London’s High Court issued a worldwide asset freezing order against German entrepreneur Lars Windhorst, co-founder of commodities investment firm Sapinda Group, after the businessman allegedly reneged on deals to buy more than €60 million ($68.3 million) in securities from Romanello Financial Corp.

After the court originally granted permission for the injunction on May 5, Judge George Leggatt then consented on June 29 to allow Romanello to enforce the order in jurisdictions across the world, including Germany, Hong Kong, Monaco, Switzerland and Jersey, according to documents seen by Law360 on Friday.

Romanello was awarded default judgment against Windhorst in March for €66...

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