Swiss judge rules ConsenSys AG shareholders must vote on whether assets are validly transferred to ConsenSys Software

According to Foresight News, a judge at the Cantonal Court of Zug, Switzerland, granted ConsenSys AG shareholders the right to vote on the transfer of Metamask, Infura and other assets to ConsenSys Software. Shareholders voting on this asset transfer will enable shareholders to legally state that ConsenSys' most valuable assets have not been effectively transferred and are actually still owned by ConsenSys AG.

Foresight News previously reported that ConsenSys AG shareholders asked the Swiss court in March this year to review the transfer of control of MetaMask and infrastructure provider Infura between the two ConsenSys entities. The shareholders claimed that the basic intellectual property and subsidiaries were illegally transferred from ConsenSys AG (CAG) to the new entity ConsenSys Software Incorporated (CSI) and used for financing. They also said that the transaction was not beneficial to CAG's minority shareholders, but was beneficial to founder Joseph Lubin.