Liquidation
Gam to liquidate nine bond funds
‘We believe that this decision underscores our commitment to treating all clients equally and fairly’
Premier Group directors could be questioned in court
The Isle of Man-based directors of the failed New Earth Recycling and Renewables (NERR) fund could be interviewed in open court under oath, as the liquidator seeks to “clarify the affairs and dealings of the company”.
Alternatives | 16 Feb 18
New Earth liquidators assessing legal options
Liquidators of the failed New Earth Recycling and Renewables (NERR) fund now have more than 200,000 documents in their possession and want to establish if there is a case to take legal action against any party deemed liable for the collapse.
IoM court hands liquidator more powers after Eco Fund failure
In a significant departure from its historic position, an Isle of Man court has given liquidators greater scope than simply winding up a company’s affairs and enabled them to consider whether restructuring or refinancing proposals are worth pursuing.
Liquidators label collapsed Louis Group ‘worthless’
Liquidators for collapsed Isle of Man-based property investment firm Louis Group have said that, following legal advice, they will not pursue claims against Louis Group IoM’s insurers, its parent company in South Africa or founder Alan Louis, reports local newspaper IOM Today.