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The Nahmad's have claimed that they do not own Seated Man with a Cane. They have stated in court in the past that a company called International Art Center are the true owners. However, a 2014 share certificate and documents leaked from the Panama Papers indicate that David Nahmad was “the sole shareholder” of IAC at that time.
The Nahmad's have claimed that they do not own Seated Man with a Cane. They have stated in court in the past that a company called International Art Center are the true owners. However, a 2014 share certificate and documents leaked from the Panama Papers indicate that David Nahmad was “the sole shareholder” of IAC at that time.
The Nahmad's have claimed that they do not own Seated Man with a Cane. They have stated in court in the past that a company called International Art Center are the true owners. However, a 2014 share certificate and documents leaked from the Panama Papers indicate that David Nahmad was “the sole shareholder” of IAC at that time.
To the Directors of
International Art Center SA, Panama
INSTRUCTION
Dear Sirs,
1 refer to my previous instructions to you dated July 19, 2013.
T herewith request you, as sole shareholder of the Company under reference, to cancel
the individual General Powers of Attomey issued by the Company in favour of each of
Ezra Nahmad and Hilal Nahmad,
Please confirm to my attomey, Me Lionel Halpérin, at the address
\halperin@avocas.ch, that this instruction has been executed.
‘Yours sincerely,
Sk
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