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War of words escalates between Brass Hat and VIP

A war of words is escalating between the British financier Brass Hat Media Avice (BHMA) and the beleaguered German media fund VIP Medienfonds 4 following the refusal of VIP's managing director Peter Riedel to honour a strategic co-investment partnership negotiated with BHMA by his predecessor Dirk Specht last September to manage VIP's funds. This has led BHMA to sue VIP for a court declaration in Munich's Regional Court and VIP in turn applying to have the action dismissed.

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