Equatorial Guinea
Teodorin Obiang ordered to pay €1.8m to French taxman

The Paris court of appeal has upheld a ruling over unpaid taxes against the Equatorial-Guinean vice president, whom the French tax authorities have accused of undervaluing a prestigious property in the French capital that has since been seized as part of the ill-gotten gains affair. [...]

Published on 30/06/2023 at 04:40 GMT Reading time 2 minutes

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Equatorial Guinea
French court thwarts claim by Malabo's Cypriot creditor

The Cypriot company Chantway Trading Limited, headed by Russian businessman Andrey Borisenko, will not seize Malabo's real estate assets in Paris.

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Equatorial Guinea
Malabo appeals damages award to Marseille-Kliniken

On 16 January Equatorial Guinea lodged an appeal against a US court's 17 November ruling that it must pay $9.3m in damages to Marseille-Kliniken, a German firm that manages private clinics.

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Equatorial Guinea
Cypriot creditor sets sights on Malabo's Parisian real estate

A French court has confirmed the seizure of three buildings belonging to Equatorial Guinea on behalf of Chantway Trading. The property targeted by the Cyprus-based company owned by a Russian businesswoman, includes 42 Avenue Foch, which houses the Equatorial Guinean embassy.

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Félix Tshisekedi, Amadou Ba and Nicolas Sarkozy, Teodoro Obiang Nguema

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Equatorial Guinea, France
Paris, Malabo hold secret talks over Paris mansion in wake of VP's ill-gotten gains conviction

The building on the posh Avenue Foch has been earmarked for confiscation since France's top court upheld Teodorin Nguema Obiang Mangue's conviction on embezzlement and money laundering charges in July. The saga is straining already tense relations with Equatorial Guinea.

Subscribers only Diplomacy 27.09.2021

The building at 42 avenue Foch, in Paris, is under a seizure order opposed by Equatorial Guinea.

Equatorial Guinea, France
The apartment block at 42 avenue Foch ready to be put up for sale

The decision attracted virtually no attention but promises to have heavy consequences for the apartment block at 42 avenue Foch [...]

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