Guernsey
Tax & Regulation | 19 Sep 16
Guernsey regulator fines Louvre Fund and two directors
Guernsey-based Louvre Fund Services and two of its executive directors have been fined under the island’s protection of investors law.
Investment | 16 Sep 16
Jersey, Guernsey and US regulators target Providence Global
The Jersey Financial Services Commission (JFSC) is working closely with its Guernsey counterpart and in parallel with US regulators against wound-up financial services firm Providence Global.
US bankruptcy court hears of Providence problems
A US bankruptcy court hearing into Providence Financial Investments, the Miami-based parent of Providence Global which was wound up in Guernsey last month, was told by the firm’s chief restructuring officer, who examined the books, that “nothing in this company is working”.
Guernsey’s Providence fund ordered to be wound up
The Royal Court of Guernsey has ordered the winding up of Providence Global Ltd, the parent company of locally registered Providence Investments Funds and its manager Providence Investment Management International.
Guernsey’s Providence fund goes into administration
The Royal Court of Guernsey has appointed Deloitte as administration managers to Providence Investment Funds and its manager Providence Investment Management International Ltd (Pimil) after all of the directors of both companies resigned last week.