A legal representative of Martin Huff contacted Finance Magnates shortly after our report last week about the Maltese Financial Services Authority (MFSA) visit to the premises of Sensus Capital Markets. Clarifying the position of his client, Mr. Georg Sapiano added the views of the other side in this apparent shareholder conflict.
The regulatory visit to the offices of Sensus Capital in Malta and Hamburg has not yielded in any action against the company so far. Last week, the company’s CEO Ben-Florian Henke explained that the event was related to a dismissed shareholder. However, no specific information has been provided by the regulators who declined to comment.
According to Mr. Henke, the visitation by the regulator was triggered by the parting of Martin Huff with Sensus Capital Markets in February earlier this year. He also explained that the firm decided to dismiss him due to concerns about his past involvement in a Swiss company more than a decade ago and “some other issues.”
Going Past the Great Wall: Things to Consider When Entering the Asian MarketGo to article >>
The MFSA considers Martin Huff to be a fit and proper person
In representing the interests of his client, Mr. Sapiano from Malta- based law firm Aequitas Legal said, “Allow me to assure your readers that the regulator in Malta (the MFSA) considers Martin Huff to be a fit and proper person who has the necessary experience and background to serve in positions of senior responsibility. Thus, he was certainly not the reason behind the raid.”
“Instead, it is quite logical to assume that the MFSA conducted the inspection because of the manner in which Sensus was being run by Ben-Florian Henke and others in the ownership and management of Sensus,” he added.
At present, the company’s operations remain unaffected by the events. The website is fully functional and the MFSA has not publicly taken any action against Sensus Capital Markets.