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Sovereign Wealth Funds Briefing - Categorized | Compliance/Regulation/Legal, Fund Profile/New Launches

Angola: Independent legal opinion supports fund’s constitutionality

Posted on 04 February 2013

The Angola Sovereign Fund (FSDEA) Thursday in Luanda released an independent legal opinion on the constitutionality of its creation, confirming that it was legally established, in compliance with the Angolan Constitution.
According to an official source, the opinion follows the fact that in December 2012, the opposition Ample Convergence for Angola’s Salvation (CASA-CE) party, raised questions about the FSDEA constitutional legitimacy. CASA-CE on the occasion pleaded with the court for a review of the constitutionality of the foundations underlying the creation of the said fund…………………………………….Full Article: Source


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