1 December 2022
Quantum Blockchain Applied sciences Plc
( “QBT” or “the Firm”)
Replace on Sipiem Authorized Declare
The board of Quantum Blockchain Applied sciences (AIM: QBT) declares that in respect of the Firm’s declare in opposition to the earlier administration crew of Sipiem in Liquidazione S.r.l (“Sipiem”), eight of the ten defendants have appealed in opposition to the Venice Court docket’s judgment of first occasion in favour of the Firm’s wholly owned subsidiary Clear Leisure 2017 (“CL17”). The Court docket had ordered the defendants to pay CL17 an combination quantity of €6,188,974 (plus curiosity and changes for inflation to accrue from completely different dates till the date of fee) in damages, plus €85,499 in authorized bills (collectively the “Award Fee”).
The interesting defendants have requested the Venice Court docket of Attraction to:
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put aside the Venice’s Court docket’s judgment, and
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enjoin the enforceability of the Award Fee, till the ruling of the appeals.
The hearings for the defendants’ appeals are tentatively set to begin in March 2023. The Court docket of Attraction will set a last date for the primary listening to within the coming weeks.
Till such listening to and any courtroom order on the contrary, the Award Fee stays absolutely topic to enforcement proceedings. The Venice Court docket of Attraction will resolve on the first listening to or sooner or later, whether or not to grant the requested injunction in opposition to enforcement of the Award Fee pending the result of its eventual ruling on the appeals.
CL17 intends to hunt dismissal of the appeals and, as a parallel measure, it has instructed its Italian authorized counsel to provoke instantly judgment enforcement proceedings in opposition to all defendants.
For additional data please contact:
Quantum Blockchain Applied sciences Plc
Francesco Gardin, CEO and Govt Chairman +39 335 296573
SP Angel Company Finance (Nominated Adviser & Dealer)
Jeff Keating +44 (0)20 3470 0470
Kasia Brzozowska
Leander (Monetary PR)
Christian Taylor-Wilkinson +44 (0) 7795 168 157
About Quantum Blockchain Applied sciences Plc
QBT (AIM: QBT) is an AIM listed funding firm which has lately realigned its strategic focus to know-how associated investments, with particular regard to Quantum computing, Blockchain, Cryptocurrencies and AI sectors. The Firm has commenced an aggressive R&D and funding programme within the dynamic world of Blockchain Know-how, which incorporates cryptocurrency mining and different superior blockchain functions.
