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DR CRAIG WRIGHT ISSUES SETTLEMENT OFFER TO COPA MEMBERS AND ALL PARTIES IN UPCOMING INTELLECTUAL PROPERTY LITIGATION
LONDON, Jan. 24, 2024 /PRNewswire/ — In February, I am due to face a group of individuals and corporate entities in London’s High Court, where I intend to uphold my intellectual property rights in Bitcoin as its creator.
However, the focus of my various litigations to date has never been on revealing my pseudonymous identity as Satoshi Nakamoto, but on mandating that Bitcoin remains faithful to its central principles. These are set out in the Bitcoin White Paper, today widely recognised as the authoritative foundation of all forms of Bitcoin: it describes a peer-to-peer electronic cash system, focusing on enabling small casual transactions (known as micro-payments) directly between parties, without the need for a financial intermediary.
My issuance of copyright claims against the ‘Bitcoin developers’ was a measure to protect the continuity of those principles.
To that end, today I have sent to my opponents in the COPA litigation (Claim No. IL-2021-000019), the passing-off claims (Claim No. IL-2022-000035 & Claim No. IL-2022-000036) and database-rights claims, (Claim No. IL-2022-000069) a non-negotiable offer to settle each of these cases, which is reproduced in its entirety below.
This settlement offer preserves my objective of maintaining the integrity of the Bitcoin system as it was initially developed, while limiting (for all parties) the needless expense of a lengthy High Court trial, which would take our collective focus away from supporting, adopting and advancing digital currency technologies – not just my own work, but those of potential good faith competitors (my legal opponents included).
In clear demonstration of the sincerity of my offer, I agree to waive my database rights and copyrights relating to BTC, BCH and ABC databases, and to offer an irrevocable licence in perpetuity to my opposing parties who collectively control, operate, and/or own those databases, in pursuit of encouraging the open commercialisation of technologies in a competitive and fair market, where intellectual property rights are respected and exploited. I intend for this offer to enable them to compete fairly, in parallel with BSV.
I believe the settlement terms are broadly uncontroversial, beneficial to the industry as a whole, and intended to draw a fresh start in the history of Bitcoin to guarantee its success in whatever form it takes.
All parties now have 7 days from the date of this offer to agree this settlement, or we shall progress to trial.
Issued by: Dr Craig Wright All enquiries to: [email protected]
DR WRIGHT’S OFFER TO SETTLE CLAIMS:
Claim No. IL-2021-000019 Crypto Open Patent Alliance v Dr Craig Wright
Claim No. IL-2022-000035 Dr Craig Wright & Another v. Coinbase Global, Inc & Others
Claim No. IL-2022-000036 Dr Craig Wright & Another v. Payward & Others
Claim No. IL-2022-000069 Dr Craig Wright & Another v. BTC Core & Others (Identity Issue only) (together the “Claims”)
1. I make the below offer to each of the opposing parties in the Claims (together the “Opposition“), in order to refocus my personal priorities, which include (i) continuing to develop intellectual property for the benefit of blockchain technology and beyond, (ii) to ensure Bitcoin (in particular Bitcoin Satoshi Vision (“BSV“)) plays a key role in the development of payment infrastructure, and (iii) to spend more time with my family, amongst other things.
2. My intention is to align with a portion of COPA’s Mission Statement which is:
“to encourage the adoption and advancement of cryptocurrency technologies“.
3. In that respect I want to continue to be a force for good by encouraging the open commercialisation of technologies in a competitive and fair market where intellectual property rights are respected and exploited. It is therefore my intention to ensure that the relevant Bitcoin Core (“BTC“), Bitcoin Cash (“BCH“) and ABC Bitcoin (“ABC“) databases and assets can operate and compete fairly in parallel with BSV, which I hope can compete in the global community going forward.
4. You now have the opportunity to review and accept the below offer for a total of seven days from the date of this letter, being by 4pm on 31st January 2024. It is my intention to find a sensible solution to these claims, and to allow all the parties to continue their respective projects in a competitive and commercial environment.
THE OFFER
5. The terms of the settlement offer are made below:
6. Claims, Costs and Charitable Donations
a. The Claims are discontinued in their entirety and the respective claimants discontinue their claims by filing a notice of discontinuance within 24 hours of acceptance of this offer.
b. Costs in the Claims are borne by their respective parties (i.e. no order as to costs). I am aware COPA includes some of the largest crypto currency companies in the world (including Coinbase and Kraken), and Meta (the parent company of Facebook, Instagram and others), which I believe have significant revenue and assets. On that basis I am hopeful that the benefit of discontinuing proceedings far outweighs the costs incurred in continuing the Claims (which may endure for years).
c. The respective parties each make a charitable donation to Burnside, a Uniting Church in Australia (with charity number 16341259959) (the “Charity“) which supports single mothers, or alternatively another charity agreed by all parties, for the expected value of the costs of pursuing the above Claims through to the end of trial or where there are cost awards in their favour. For example, I shall make a donation of £1,000,000, which I believe is put to better use with the Charity. It is expected that Opposition evidences proof of payment publicly.
d. I declare and undertake to ensure that no funds or costs in these proceedings are for the financial benefit of myself and that all funds due to me shall be donated to the Charity. In that way, I do not financially profit from the Claims in any way.
7. Bitcoin
a. I, any affiliates, associates or otherwise, shall not pursue and are prevented from pursuing any database rights or copyrights (together the “Rights“) in relation to the BTC, BCH and or ABC databases, and Opposition which control operate, manage and or own those databases are granted an irrevocable licence in perpetuity to exploit, use, assign or license (subject to the below provisions) those Rights for the purposes of exploiting BTC, BCH and or ABC. It is intended that the parties continue to develop, file and respect their own patents for their respective projects and seek to rely on patents and the corresponding laws in the usual way.
b. Opposition including any affiliates, associates, employees or otherwise shall not pursue and are prevented from pursuing any Rights in relation to the BSV database.
c. By signing the below, Opposition (which includes all members of COPA) and I now confirm the following statement to be true and agree to its terms:
“Bitcoins (and derivative systems) referred to as BSV, BTC, BCH and ABC (together “Bitcoins”), and the corresponding databases are separate and distinct. Each of these Bitcoins stem from Satoshi Nakamoto’s “Bitcoin: A Peer-to-Peer Electronic Cash System” (the “White Paper”). Satoshi Nakamoto’s original vision for Bitcoin was “small casual transactions” (see the White Paper) and scaling on-chain (see Satoshi Nakamoto’s message from 2 November 2008 “Bitcoin P2P E-Cash Paper” on the topic: https://www.metzdowd.com/pipermail/cryptography/2008-November/014815.html. I/ we recognise that BTC, BCH and ABC now have separate purposes and uses not contemplated by Satoshi Nakamoto.
I/we undertake to ensure that Bitcoins shall be used for the benefit of humankind broadly and not to launder funds, evade tax or assist in any other illicit behaviours. I/we shall use my/our best endeavours to comply with all international and national laws and regulations in which I/ we operate, including any laws relating to money laundering, and anti-terrorist financing, or similar initiatives where exploiting and developing Bitcoins and its technology, and where required and possible, actively seek to create code to ensure compliance“.
d. Whether in their own capacity or by any affiliates, associates, employees or otherwise Opposition and I shall not exploit, and be prevented from exploiting any BTC, BCH, ABC or BSV database to create, copy, fork, or otherwise, a new Bitcoin database, and Opposition and I shall use best endeavours to ensure that no third party carries out the aforesaid. It is intended that these terms are not circumnavigated by the creation of any new Bitcoin database.
e. Any entities shall cease claiming that they represent the original Bitcoin as envisioned by me as Satoshi Nakamoto. Additionally, they must publicly acknowledge that the intended purpose for creating Bitcoin was to create a system to provide micropayments, to allow for the chronologically ordered validation of transactions and to facilitate scalability.
8. Media
a. Opposition cease any media campaign(s) against me.
b. It is intended that where this document is signed as below, that signed version is made publicly available.
9. I believe these terms are broadly uncontroversial, beneficial to the industry as a whole, and intended to draw a fresh start in the history of Bitcoin to guarantee its success in whatever form it takes. I look forward to hearing from you.
View original content:https://www.prnewswire.co.uk/news-releases/dr-craig-wright-issues-settlement-offer-to-copa-members-and-all-parties-in-upcoming-intellectual-property-litigation-302043625.html
- Since the creation of the portfolio in May 2021, it has grown from two assets with 1,500 beds to 12 assets with 4,100 beds
- Transaction marks the first sale of EQT Exeter’s living assets in Spain, a market experiencing continued growth potential
- Azora reenters the Spanish purpose-built student accommodation (PBSA) market, a sector it first pioneered over a decade ago
- Azora plans to leverage the acquisition to develop a larger Southern European portfolio aiming for approximately 10,000 beds
STOCKHOLM, Nov. 29, 2024 /PRNewswire/ — EQT Exeter, a leading global real estate investment manager, is pleased to announce that the EQT Real Estate II fund (“EQT Exeter”) has closed the sale of a portfolio comprising 12 student housing assets in nine cities across Spain to an Azora PBSA managed vehicle.
In May 2021, EQT Exeter entered a joint venture with developer Grupo Moraval to create a premier portfolio of purpose-built student accommodation assets across Spain, totaling approximately 1,500 beds. The portfolio was designed to target a primarily domestic student profile, with a high level of service and amenity offering at an affordable price point.
Since then, leveraging the expertise of its local team, EQT Exeter has expanded the portfolio to include 12 assets with approximately 4,100 beds across major cities, including Madrid and Barcelona, as well as in key secondary higher education hubs such as Seville, Málaga and Granada. It became the fourth largest student housing portfolio in Spain just two years into the joint venture. The portfolio is characterized by its high standards, with several buildings having achieved LEED1 Platinum, the first student assets in Europe to receive this certification.
Tom Livelli, Partner and Head of Living Strategies, Europe, EQT Exeter, said: “This transaction underscores the strong and growing demand for high-quality student housing in Europe, supported by robust fundamentals and resilient market dynamics. Spain remains a top investment destination, with strong economic growth and a structural undersupply of student housing. This exceptional portfolio showcases EQT’s integrated investment, development, and operational expertise, and we remain committed to expanding our presence in the European living sector.”
Carlos Molero Sánchez de la Blanca, Managing Director, EQT Exeter, said, “We are excited to have completed the sale of our first living assets in Spain, an excellent example of EQT Exeter’s ‘local with locals’ approach to investing in thematic trends. Our selective aggregation strategy, combined with a deep understanding of the specific needs of students and a focus on the operational and design aspects of each building, have allowed us to achieve significant scale and deliver a highly resilient, downside-protected portfolio with a high social impact.”
Alvaro Soto de Scals, CEO, Grupo Moraval, commented: “It has been a pleasure to have contributed to the success of our JV with EQT Exeter, having sourced and managed the build-out of this platform as planned. The portfolio is built with state-of-the-art technology and quality; with sustainability a core element for both Group Moraval and EQT Exeter.”
José Alonso, Partner, Azora, added: “After closely monitoring the market for several years, we believe now is the ideal time to reenter the PBSA sector in order to provide solutions to the current shortage of student housing in Spain and other Southern European countries. The platform established by EQT Exeter and Grupo Moraval aligns with the high standards of our PBSA vehicle and will serve as the foundation for our expansion in Southern Europe.”
The acquisition signifies Azora’s return to the student housing sector, a market it led over a decade ago by establishing the largest PBSA portfolio in continental Europe, which was sold in 2017. Azora intends to use this newly acquired platform as a foundation to expand its new PBSA vehicle, targeting approximately 10,000 beds in key Southern European locations.
EQT Exeter was advised by Linklaters and Azora was advised by CBRE Investment Bank and Garrigues.
1Leadership in Energy and Environmental Design
EQT contact
For Spanish press, Sofía García, [email protected], +34915312388
For international press, EQT Press Office, [email protected]
Azora (Spain) contact
Nacho Miquel, [email protected]
Alberto Rodríguez, [email protected]
+34915634179
Azora (Europe) contact
Richard Sunderland / James McEwan / Ellie Smith, [email protected]
+442037271000
This information was brought to you by Cision http://news.cision.com.
The following files are available for download:
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PRESS RELEASE EQT Exeter completes Spanish student housing portfolio sale to Azora |
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https://news.cision.com/eqt/i/spanish-student-housing-portfolio,c3356290 |
Spanish student housing portfolio |
View original content:https://www.prnewswire.co.uk/news-releases/eqt-exeter-completes-spanish-student-housing-portfolio-sale-to-azora-302318674.html
Combined group would create an industry leader with an extensive global product portfolio and financial strength to support long-term growth objectives
TORONTO and LONDON, Nov. 29, 2024 /PRNewswire/ — ABC Technologies (the “Company”) today announces that it has reached an agreement on the terms of a recommended all-cash offer for the acquisition by ABC Technologies Acquisitions Limited of the entire issued and to be issued ordinary share capital of TI Fluid Systems plc (“TI Fluid Systems”).
TI Fluid Systems is a London-listed, market-leading global manufacturer of thermal and fluid system solutions for the full range of current and developing vehicle architectures. Operating across 27 countries and serving all major automotive manufacturers, TI Fluid Systems has a commitment to operational excellence and sustainability worldwide.
Together, ABC Technologies and TI Fluid Systems will enjoy an expanded global footprint and enhanced product portfolio. This will allow access to a broader and more diversified range of customers, including some of the largest and most recognizable automotive OEMs and Tier One suppliers worldwide.
“This transaction is a transformative strategic opportunity which unlocks value for all of our stakeholders and provides a platform for further growth,” said Terry Campbell, President and CEO, ABC Technologies. “A combined business will enable us to better serve our customers, and I am excited for our teammates as we continue to build a winning future. We will be persistent in seeking alignment with organizations that have proven capabilities to further ABC’s success story.”
Combining the rich heritages of ABC Technologies and TI Fluid Systems – both established leading manufacturers across different product segments – will create a business that benefits from an enhanced go-to-market proposition and greater financial strength to support the long-term growth objectives and a winning vision for the future. ABC Technologies is majority-owned by funds managed by affiliates of Apollo Global Management, Inc.
Under the terms of the transaction, shareholders of TI Fluid Systems will be entitled to receive 200 pence a share, valuing TI Fluid Systems at an enterprise value of approximately £1,831 million.
The Acquisition is currently expected to complete in H1 2025, subject to shareholder and other relevant legal and regulatory approvals.
Lazard acted as lead financial advisor to ABC Technologies; Citi, TD Securities and Scotiabank also acted as financial advisers.
Kirkland & Ellis International acted as legal advisor to ABC Technologies and Paul, Weiss, Rifkind, Wharton & Garrison acted as legal advisor in respect of regulatory and financing matters.
This press release must be read in conjunction with the Rule 2.7 announcement which is available on the London Stock Exchange RNS and along with other documents related to the transaction on www.projectgolfoffer.com.
About ABC Technologies
ABC Technologies is a leading global manufacturer and supplier of custom, highly engineered, technical plastics, and light-weight innovations to the North American light vehicle industry. Serving more than 25 major original equipment manufacturer customers in 8 countries, the Company is strategically placed to offer vertically integrated product and process solutions through a skilled workforce of over 11,000 team members. ABC Technologies is majority owned by certain of the affiliated funds of Apollo Global Management, Inc. and its subsidiaries, with funds managed by Oaktree Capital Management, L.P. owning a minority equity interest in ABC Technologies. Additional information about the Company can be found at www.abctechnologies.com.
Additional Information
This announcement is not intended to, and does not, constitute or form part of any offer, invitation or the solicitation of an offer to purchase, otherwise acquire, subscribe for, sell or otherwise dispose of, any securities whether pursuant to this announcement or otherwise. Any offer (if made) will be made solely by certain offer documentation which will contain the full terms and conditions of any offer (if made), including details of how it may be accepted.
View original content:https://www.prnewswire.co.uk/news-releases/abc-technologies-announces-recommended-offer-to-acquire-ti-fluid-systems-302318634.html
STOCKHOLM, Nov. 29, 2024 /PRNewswire/ — Hoist Finance AB (publ) has successfully issued SEK 700 million of senior non-preferred bonds with a tenor of 4.25 years. The bonds were issued under Hoist Finance’s EMTN program and were priced at 3-months STIBOR +250 basis points.
“I am very pleased to announce Hoist Finance’s first broadly distributed issue of senior non-preferred bonds, which was met by strong demand from more than 20 Nordic investors. This is the first senior non-preferred bond issue by a Nordic non-SIFI bank. This issuance marks an important step for our strategy to promote continued growth while maintaining a cost-efficient capital structure and supporting our investment grade credit rating from Moody’s,” says Harry Vranjes, CEO of Hoist Finance.
The proceeds from the bond issue will be used for general corporate purposes. The instruments will be listed on the regulated market Irish Stock Exchange plc, known as Euronext Dublin. The bonds are expected to be rated Ba1 by Moody’s.
Senior non-preferred bonds
Senior non-preferred bonds are subordinated to senior preferred bonds in the hierarchy of repayment.
For more information, please contact:
Karin Tyche, Chief Investor Relations and Communications Officer
[email protected]
+46 76 780 97 65
About Hoist Finance
Hoist Finance is an asset manager specialised in non-performing loans. For more than 25 years, we have focused on investing in and managing debt portfolios. We are a partner to international banks and financial institutions across Europe, acquiring non-performing loan portfolios. We are also a partner to consumers and SMEs in a debt situation, creating long-term sustainable repayment plans enabling them to convert non-performing debt to performing debt. We are present in 12 markets across Europe and our shares are listed on Nasdaq Stockholm. For more information, please visit hoistfinance.com.
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View original content:https://www.prnewswire.co.uk/news-releases/hoist-finance-successfully-issues-senior-non-preferred-bonds-302318629.html
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