Confrontation between Dolphin Capital Partners (PrEP) Miltos Kamburidis with London-registered Dolphin Capital Investors (DCI). The DKP filed a case against her DCI and sold all stock which he owned in it, while revoking the rights to use the trademark”Dolphin Capital» from a registered company. In mid-March, the board of directors of the listed DCI announced the termination of cooperation with DCP, accusing M. Kamburidis – until now he was a shareholder with a share of about 10% – of violating the terms of the agreement between them. , then announcing lawsuits for the recovery of the lost, as he claims, proceeds from his sale Amanzo Porto Heli, 2018.

Recall that in August of the same year Grivalia Hospitality acquired control of the Amanzoe hotel complex in Argoliswhich borders the Kilada project, for 5.8 million euros in cash and with a debt of 76.5 million euros.

The seller was listed on the London Stock Exchange, DCI, and the buyer, as was later announced and published, was DCP, 100% of Miltos Kambouridis, who continued to manage the hotel while acquiring a buyout option of up to 30% of the new ownership scheme.

But a statement from registered DCI says it has now learned “that DCP entered into an undisclosed option agreement with the buyer of Amanzoe in Porto Heli at the same time that DCI sold its stake in the resort on August 2, 2018.” In response to the DCI allegations, Miltos Kambouridis and the DCP claimed “baseless, offensive and illegal” actions, describing the DCI allegations as “baseless and slanderous”. He also complained that “the whole problem was created by the deliberate and selfish actions of DCI directors Nick Paris and Nicolai Hals.”

On Wednesday, Miltos Cambouridis and his company returned with the news that their lawyers (Covington & Burling LLP) filed a lawsuit in the competent High Court of England against DCI on April 6, 2023, through which DCP claims DCI’s condemnation in a reality restoration statement. “that there has been no breach of the Investment Management Agreement by DCP and that DCI’s termination of said agreement is unlawful.” In addition, DCP seeks full payment of DCI’s accrued and past due debts owed to it, as well as monetary compensation for any losses and lost profits.

Finally, DCP states that it is the sole legal owner of the Dolphin Capital trademark and will not allow further use by DCI and its affiliates. At the same time, he proceeded to liquidate all of his DCI shares (9.73%), stating that “he no longer believes in the ability of the current directors of DCI to manage and operate properly and effectively.” plan.” . DCP and Miltos Kambouridis also announced that they “will take all necessary further action as may be necessary to protect their legitimate interests and reputation against both DCI and its directors.”

It should be noted that all of the above events do not affect One & Only Kea Island, in which DCP is a shareholder and manager and in which DCI does not own any interest.