Fight over Ingbe Foundation's assets continues after injunction overturned

A legal battle over the assets of the Ingbe Foundation in Liechtenstein has seen a significant development, with René Benko's mother and the foundation securing a victory in a higher court. The Princely Court of Appeal overturned a preliminary injunction that had frozen assets, a decision that partially reverses a previous ruling.

This legal fight revolves around whether the assets held by the Liechtenstein-based Ingbe Foundation should be attributed to René Benko himself. Benko's administrator, Andreas Grabenweger, initiated proceedings seeking access to approximately 50.5 million euros (47.2 million Swiss francs) in assets, which the lower court had initially agreed to secure.

However, the Princely Court of Appeal has now reversed that decision, siding with Benko's mother, Ingeborg, who is both the founder and a beneficiary of the foundation. The initial order had targeted the foundation, Benko's mother, several banks, and a company.

The ruling represents a setback for Benko's administrator, illustrating a back-and-forth in the legal process. The question of ownership and access to the Ingbe Foundation's wealth remains a central point of contention in the ongoing legal proceedings.