24:I[7748,["268","static/chunks/aaea2bcf-705c747c36d33c22.js","839","static/chunks/839-631463a41726f237.js","320","static/chunks/320-fa817057570f2b68.js","551","static/chunks/app/article/%5Bid%5D/page-b53fad440e632bf3.js"],"default"] 25:I[6437,["268","static/chunks/aaea2bcf-705c747c36d33c22.js","839","static/chunks/839-631463a41726f237.js","320","static/chunks/320-fa817057570f2b68.js","551","static/chunks/app/article/%5Bid%5D/page-b53fad440e632bf3.js"],"default"] 28:I[5504,["268","static/chunks/aaea2bcf-705c747c36d33c22.js","839","static/chunks/839-631463a41726f237.js","320","static/chunks/320-fa817057570f2b68.js","551","static/chunks/app/article/%5Bid%5D/page-b53fad440e632bf3.js"],"default"] 26:T64c,

SÃO PAUL and GENEVA, July 19, 2024 /PRNewswire/ -- The Joseph Safra Family today announced the global, amicable resolution of all disputes with Alberto Joseph Safra.

Under the terms of the resolution, Alberto will divest his interests in the J. Safra Group. and pursue his business interests through ASA. They reaffirm that their father, the late Mr. Joseph Safra, was competent to dispose of his estate. Alberto Safra stated: "I am happy to put that matter behind. After clarifications, I understood that there were no wrongdoings, and that Mr. Safra's estate was properly disposed in accordance to his wishes."

The parties have further agreed to end all pending legal and arbitral proceedings in all jurisdictions.

Financial and other terms and conditions of the resolution were not disclosed.

In a joint statement, Vicky Safra and all her children said: "We are pleased to put this matter behind us and reaffirm our family bonds. The resolution we have reached will allow us to pursue our respective business interests in ways that help ensure that the success of every member of our family is a reason for shared satisfaction."

Media Contact
Ross Lovern
Kekst CNC
Ross.lovern@kekstcnc.com

View original conten

Tags

More Like This

Banco Safra Files Lawsuit to Prevent Americanas and Its Controlling Shareholders from Moving Forward with Deficient Restructuring Plan

Safra New York Corporation Completes The Acquisition Of Delta North Bankcorp.

BTG Pactual enters into an agreement to acquire 100% of M.Y. Safra Bank in the United States

Joesley and Wesley Batista found not guilty of insider trading

Resolutions at ASSA ABLOY AB's Annual General Meeting 24 April 2024

ATTENTION AMAYA INC. SHAREHOLDERS FROM 2016 - Notice of Settlement of the Class Action against David Baazov

The Publisher of The Daily Mail Has Settled a Privacy Claim Brought by High Profile Business Figure Victoria Price

UK High Court Delivers Absolute Victory for the El Husseiny Family (some of whom were advised by Debenhams Ottaway) in Case Against Invest Bank UAE