Insolvency
Sipp provider told to refund nearly £1m to investors
Clients were left with no money after it made high-risk unregulated investments
UK regulator declares DFM insolvent
The Financial Conduct Authority (FCA) has declared discretionary fund management firm Beaufort Securities and its clearing arm, Beaufort Asset Clearing Services, insolvent.
North America | 13 Mar 17
Harlequin Property creditors called to bankruptcy meeting
Creditors of stricken overseas investment scheme Harlequin Property SVG have been invited to a meeting on 31 March 2017 to vote on the appointment of a bankruptcy trustee and investigators.
Harlequin Property enters insolvency to ‘protect investors’
Harlequin Property SVG, the company behind the £400m ($509m, €454m) overseas property scheme, has officially entered insolvency proceedings, a decision likely to result in hefty losses for thousands of investors.
Middle East | 6 Sep 16
New UAE bankruptcy law to ease pressure to flee
The United Arab Emirates (UAE) is to get a new bankruptcy law for businesses, including a new regulatory body for financial restructuring, which is designed in part to remove the threat of jail for executives of companies facing financial distress.