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Juridica Investments Limited (in Voluntary Liquidation)
Juridica Investments Limited
Linda Johnson and Russell Crumpler of KPMG are the joint liquidators (the “Joint Liquidators”) of the Company
Linda Johnson and Russell Crumpler of KPMG are the joint liquidators of the company.
NOTICE OF APPOINTMENT OF THE JOINT LIQUIDATORS
On 20 December 2018 Ashley Paxton and Linda Johnson of KPMG Channel Islands Limited, Glategny Court, Glategny Eplanade, St Peter Port, Guernsey, GY1 1WR were appointed Joint Liquidators of the Company pursuant to section 391(b) of the Companies (Guernsey) Law, 2008. Due to the retirement of Ashley Paxton from KPMG Channel Islands Limited he resigned as Joint Liquidator of the Company with effect from 16 September 2019 and was subsequently replaced on 27 July 2020 by Russell Crumpler of KPMG (BVI) Limited, P.O. Box 4467, 3rd Floor, Banco Popular Building, Road Town, Tortola, VG-1110, British Virgin Islands.
AUCTION PROCESS
It is the intention of the Joint Liquidators to pursue an auction process for the sale of certain of the Company’s underlying assets and investments. The auction process is expected to run as follows:
Date |
Action |
Monday 5 October 2020 |
Commencement of auction process |
Monday 19 October 2020 |
Interested parties to have informed the Joint Liquidators of interest and submitted an executed NDA |
Monday 26 October 2020 |
Interested parties to be given access to data room |
Thursday 26 November 2020 |
Bids from interested parties to be received by C.O.B. on this date |
Thursday 3 December 2020 |
Winner of the auction process announced |
Thursday 31 December 2020 |
Closing of transaction on or before this date |
Note that these are anticipated dates and may be subject to change.
For this purpose, the Joint Liquidators have created a data room with all relevant and necessary information available for interested parties. Should you wish to gain access to the data room please contact John Casey, Brian Mulvihill or Elaine Hanrahan on the details noted below.
Note that, in relation to offers received, the Joint Liquidators will be seeking offers in respect of the entirety of the assets for available sale. However, parties with a specific interest in a limited number of assets should provide two bids; one for the entirety of the assets available for sale and one for the asset(s) the interested party primarily wishes to purchase. Further, if a party is ONLY interested in purchasing specific assets, and is not prepared to take ownership of the entire portfolio, this should be clearly indicated.
The Joint Liquidators specifically reserve all rights to dispose of the assets on either an aggregate or individual basis. The Joint Liquidators make specific reference to the different nature of the litigation asset and the SPV assets noting that they consider it a distinct possibility that the provision of bids separating these two classes of assets may ultimately be successful.
Signed, Linda Johnson and Russell Crumpler
Joint Liquidators
Acting as agents only (and without personal liability)
For and on behalf of Juridica Investments Limited (in voluntary liquidation)
Dated: 5 October 2020
Company Address:
2nd Floor
Glategny Court
Glategny Esplanade
St Peter Port
Guernsey, GY1 1WR
Contact:
Name: John Casey
Email: johncasey1@kpmg.com
Name: Elaine Hanrahan
Email: ehanrahan@kpmg.vg
Name: Brian Mulvihill
Email: brianmulvihill@kpmg.com
Documents:
The circulation of certain of the below documents is restricted. Shareholders of the Company should contact John Casey or Elaine Hanrahan on the contact details noted above to request the password.