FG Hemisphere Associates, LLC v. Democratic Republic of Congo et al

  1. September 06, 2023

    Firm Gets OK To Seize Md. Properties In $30M Award Fight

    A federal judge has allowed an investment management firm to seize four swanky Maryland properties all allegedly purchased with cash under "suspicious circumstances" as it looks to enforce decades-old arbitral awards worth more than $30 million issued against the Democratic Republic of Congo.

  2. September 19, 2022

    Debt Investors Allege Congo Corruption In Bid To Net $30M

    An investment firm that purchases sovereign debt claims has filed a lawsuit against the Democratic Republic of Congo and several nongovernment organizations to collect on judgments totaling over $30 million, claiming that the country's top officials engaged in a conspiracy to embezzle government funds for personal gain and evade the settlement.