Property
KPMG blasts Harlequin boss over investor pay-back plan
The independent trustee of Harlequin Property, the £400m ($509m, €454m) overseas property scheme facing ruin, has blasted the company’s chairman David Ames over how he intends to pay back stricken investors.
Ex-Harlequin accountants appeal $11.6m UK court order
UK accountancy firm Wilkins Kennedy is appealing against recent a High Court judgement ordering it to pay $11.6m (£9.5m, €10.8m) to Harlequin Property SCG, the company behind the stricken £400m fund.
LM directors escape legal sanctions in Australia
The former directors of the collapsed Queensland-based fund manager LM Investment Management (LMIM) did nothing wrong, an Australian court has ruled.
Goldman Sachs AM defends global REITs
The prospect of higher interest rates around the world is less likely to hit real estate investment trusts (REITs) over the long term than other, so called, bond proxies, said Goldman Sachs Asset Management’s Hong Kong-based portfolio manager Frankie Lee.
North America | 19 Dec 16
Harlequin Property enters receivership as resort is shut
Harlequin Property SVG, the land-owning unit behind the £400m ($509m, €454m) overseas property scheme facing ruin, has entered interim receivership while its flagship resort has closed after the electricity was disconnected.