Top UK graft prosecutors joined Trump’s Venezuela oil baron during Sw…

• Three senior UK corruption prosecutors moved to work for Venezuelan billionaire Alejandro Betancourt's oil company, NABEP, while Swiss authorities were seeking his extradition for money laundering.
• Betancourt recently signed a significant oil deal with Donald Trump, and the Swiss extradition request was subsequently dropped, though investigations in Spain continue.
• The move raises concerns about 'revolving door' practices and the integrity of the Serious Fraud Office, especially as the prosecutors were leading a major corruption trial against Glencore.

Topics: Legal regulatory, Jurisdictions, Institutional adoption, Enforcement actions litigation, Regulatory sandboxes pilots, Banking depository pilots

Tags: #alejandrobetancourt #seriousfraudoffice #venezuela #oildeal #extradition #moneylaundering #nabep #glencore #sfolawyers #trump

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Glencore-backed group looks to rescue cobalt refiner Sherritt

• Glencore-backed Kyma Capital is bidding for control of Sherritt International, a Canadian miner with North America's only significant cobalt refinery, challenging a Trump-linked family office.
• The bid is complicated by US sanctions on Cuba, where Sherritt has a joint venture, leading to operational halts and financial distress for the company.
• Both parties aim to secure refining capacity for strategic metals outside China, with the outcome dependent on navigating sanctions and potential refinancing.

Topics: Asset types, Jurisdictions, Legal regulatory, Alternative assets, Emerging hubs, Enforcement actions litigation

Tags: #cobalt #sherrittinternational #glencore #sanctions #cuba #refinery #criticalminerals #kymacapital #gilloncapital #trump

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