Varie
Warning from U.S.-Based Attorney Ed Patricoff: If Angola Joins the Commonwealth, the U.K. Economy Will Suffer
In just the past three years, Angola – one of the wealthiest countries in Africa – has repeatedly misled and abused its trade partners in the U.S. and beyond. The below actions have brought harm to foreign economies and even the country's own citizens.
Highlights of Angola's Recent Corruption and Trade Abuse
According to Ed Patricoff , who has litigated many of the above cases, Angola will do much more harm to the U.K. than good if it were to join the Commonwealth.
"U.K. companies will fall victim to Angola's long history of abuse and corruption," said Patricoff. "While President Lourenço misleads the public and its trade partners on a false 'New Angola' narrative, his own staff continues to exhibit signs of corruption. Between withholding significant sums of money from its partners and its military stealing assets at gunpoint, Angola is simply not fit for outside investment, much less joining a distinguished association like the Commonwealth."
As Angola attends the United Nations General Assembly this week, many world leaders have grown frustrated with Angola's failure to honor obligations and treat partners with respect. Below is a list of U.S. Senators and Representatives who have sent letters to Angola , outlining their concerns.
While Angola is an attractive market for investment due to its wealth and oil supply, among other factors, Prince Harry should avoid investment in Angola until the country truly ends its corrupt practices.
Shutts & Bowen, established in 1910, is a full-service business law firm with more than 270 lawyers in offices in Ft. Lauderdale , Jacksonville , Miami , Orlando , Sarasota , Tallahassee , Tampa , and West Palm Beach . Learn more about Shutts & Bowen at www.shutts.com.