The conviction of Mr John Olsen, the director of JP Construction SARL, for fraudulent bankruptcy, delivered by the Monaco Criminal Court, was overturned on appeal.

His legal team argued successfully before the Monaco Appeal Court on June 12, 2017, citing Article 6 of the European Convention on Human Rights, that the original conviction should be quashed.

The successful appeal centred on the delay in informing Mr Olsen of the nature of the criminal complaint levied against him over a two-year period, and the wrongful assertion on the part of the prosecutors that Mr Olsen could not be contacted after he left the Principality.