Formula 1 companies ordered to disclose documents in Ecclestone litigation - .PDF file.
The High Court has ordered a number of Formula 1 (F1) group companies and CVC Capital Partners Ltd to give disclosure of documents, notwithstanding that they are not parties to litigation in which the orders were made.
In Constantin Medien AG v Ecclestone and others ( EWHC 2674), the claimant, Constantin Medien AG claims that Bayerische Landesbank was induced by a bribe of $44m (£28m) (allegedly paid by Bernie Ecclestone and Bambino Holdings Ltd to Dr Gerhard Gribkowsky) to sell its 46.65 per cent shareholding in the Formula 1 group to CVC Capital for $828m (£520m), which is alleged to be an undervalue.
Dr Gribkowsky was allegedly the chief risk officer and a director in Bayerische at the time of the sale and responsible for matters relating to the sale of Bayerische’s shares in the F1 Group…
If you are registered and logged in to the site, click on the link below to read the rest of the Winckworth Sherwood briefing. If not, please register or sign in with your details below.