English Court of Appeals Affirm Order Freezing Assets of Isabel dos Santos

                On September 30, 2024, the Court of Appeals in England affirmed an order freezing up to US $778 million of Isabel dos Santos’ assets, rejecting her appeal.  Unitel, an Angolan telecommunications company, sued her over loans it made to a separate Dutch company, Unitel International Holdings (UIH), in 2012 and 2013, when she was a Unitel director, to fund UIH’s acquisition of shares in telecoms companies.  The Court of Appeals’ ruling said dos Santos owns and controls UIH.[1]