FT.com / Industries / Telecoms - Motorola handed Uzans victory
FT.com / Industries / Telecoms - Motorola handed Uzans victoryMotorola handed Uzans victory
By Nikki Tait in London
Published: December 6 2004 18:43 | Last updated: December 6 2004 18:43
Motorola, the US mobile phone handset maker, on Monday won a judgment in London's High Court allowing it to pursue and seize assets from members of Turkey's Uzan family.
The ruling by Mr Justice Cooke effectively “domesticates” a US District Court judgment last year, which found that the Uzans had committed a “massive fraud” in obtaining loans from Motorola and Nokia, and awarded the companies more than $2bn in damages, compensation and interest.
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