Sale of ‘Asia’s Fort Knox’ at the heart of legal battle in Singapore

Swiss art dealer Yves Bouvier is suing a group of businessmen who he alleges agreed to buy his Singapore freeport, designed to store fine art and other valuables, for about US$60 million before repeatedly delaying and ultimately reneging on the deal.Jaime Ordonez and two associates caused Tayrona Pacific Star to breach the terms of an October 2019 contract to buy Le Freeport, according to a lawsuit filed in Singapore’s High Court. They pushed the deal completion date back on four separate…

from South China Morning Post https://www.scmp.com/news/asia/southeast-asia/article/3089048/sale-asias-fort-knox-heart-legal-battle-singapore