Lagos, Nigeria: It is announced that on 5 May 2017, the Eastern Caribbean Supreme Court in the High Court of Justice, British Virgin Islands (the Court) placed Sea Trucks Group Limited (the Company) into provisional liquidation, appointing Chad Griffin of FTI Consulting LLP and Ian Morton of FTI Consulting (BVI) Limited as Joint Provisional Liquidators (the Joint Provisional Liquidators).
It is important to note that the appointment is only to the Company, being the group holding company. The underlying operating/asset owning companies (the Subsidiaries) are not subject to insolvency proceedings.
Collectively, the Company and the Subsidiaries are referred to as the Group. The provisional liquidation of the Company has no i…
Read the full article at: http://www.vanguardngr.com/2017/05/sea-trucks-liquidation-magt-team-remains-control-business-usual/