What is Montana Management?
It's a trust fund once owned by the late Iraqi president Saddam Hussein. It has a 2% holding in Lagardere Group, but all of its holdings were frozen under moves targeting the Saddam regime's leading figures.
Where have you heard about Montana Management?
Montana Management was at the centre of a legal battle between owner Khalaf M. Al-Dulimi and the Swiss authorities, whom he accused of violating the European Convention on Human Rights when it confiscated his assets under a UN Security Council resolution.
What you need to know about Montana Management.
In 2006 Switzerland's Department of Economic Affairs confiscated over Sfr269 million from a Swiss bank account of Motana Management, along with personal funds belonging to Al-Dulimi, and transferred the money to the Development Fund for Iraq. Switzerland argued that it was merely applying Security Council resolutions, but Al-Dulimi took his case to the European Court of Human Rights. In June 2016 the court ruled that Switzerland had violated the European Convention on Human Rights in the way it confiscated his assets.