Singapore court rejects Castel CEO’s appeal over board suspension
Singapore | In the widening family and governance dispute which is now stretching across several countries, Gregory Clerc, a former Swiss tax adviser to Pierre Castel and now a director of the French-African wine and beverages Castel Group, suffered a setback. On 30 July, the High Court of Singapore rejected an appeal by Mr Clerc against his suspension as a director of Investment Beverage Business Management, or IBBM, a Singapore company that is one of the group’s main holding entities.
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