Eco Resources Fund
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.
Investment | 4 Aug 17
Eco Fund liquidator replaced in blow to Isle of Man regulator
An Isle of Man judge has ruled that the liquidator appointed to the collapsed Eco Resources Fund should be replaced despite objections from the island’s Financial Services Authority (IoMFSA).
Tax & Regulation | 16 Jun 17
IoM’s New Earth boss slams regulator probe a ‘witch hunt’
John Bourbon, the former director of Isle of Man-based Premier Group, the company behind the ill-fated £300m New Earth Group of funds, has described the regulator’s decision to investigate allegations of mis-selling against the fund manager “something of a witch hunt”.
IoM taxpayers to pay up for collapsed Eco Resources Fund
Isle of Man taxpayers will have to foot the bill for another collapsed fund, the Eco Resources Fund, which was set up by the troubled Premier Group in 2012.
Latin America | 31 Mar 17
Defunct Premier Group links uncovered in Panama Papers
Wound up Isle of Man-based investment fund manager the Premier Group has links to the Panama Papers, the worldwide scandal described as the “biggest ever blow” to the offshore world.