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Quantum Blockchain Technologies PLC announced on Wednesday a favourable ruling from the Court of Appeal of Turin for its wholly owned subsidiary, Clear Leisure 2017 Ltd. The subsidiary has been awarded €38,500 in damages, plus statutory interest accruing from December 7, 2020 and continuing to accrue until damages are paid in full, and legal costs of around €15,000. This overturns an earlier decision by a trial court. The London-based investment company expects total recovery to be approximately €78,00. The court also rejected the defendant‘s attempt to set off the debt on the basis of alleged counterclaims. The case relates to a 2019 transaction by Clear Leisure’s predecessor involving the sale of a 30% equity interest in Beni Immobili Srl. The defendant agreed to pay €45,000 installments, but only €6,500 was received. Clear Leisure acquired the receivable in November 2020 from Sipiem Spa in liquidation at a discounted prince. Francesco Gardin, chief executive & executive chair of Quantum Blockchain Technologies, commented: ‘This ruling validates our approach in pursuing legacy assets and confirms the strength of our legal position. We will now take the appropriate steps to enforce the judgment and maximise recovery.’ Shares in Quantum Blockchain Technologies closed down 6.0% to 0.45 pence in London on Wednesday. Copyright 2026 Alliance News Ltd. All Rights Reserved.
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