A court has agreed to appoint joint provisional liquidators for one of Pacific Andes’s indirect subsidiaries, the company announced Thursday.
The decision follows an application filed Oct. 28 made by Cooperatieve Rabobank U.A., Hong Kong Branch and Standard Chartered Bank (Hong Kong) Limited.
On Oct. 31, the Eastern Caribbean Supreme Court in the High Court of Justice of British Virgin Islands ordered that Ian Mortan of FTI Consulting British Virgin Islands along with Nicholas James Gronow and Joshua Taylor, both of FTI Consulting Singapore, be appointed "jointly and severally as provisional liquidators of Pacific Andes Enterprises (BVI) Limited, an indirect subsidiary of the company, with immediate effect."
On
