I am able to confirm that the first distribution in the
liquidation has been set at 24.8 pence in the pound. Further
details regarding the distribution will be posted on this website
following a Court hearing which is being held at 2pm today.
Any creditors who have not yet submitted a claim, either
directly or through the Depositors Compensation Scheme, are asked
to submit their claims as soon as possible to ensure that they
receive the distributions to which they are entitled.
The first meeting of the Committee of Inspection was held on
Wednesday 19 August. Attached are minutes of the meeting which
provide an update on the key issues in the liquidation.
KSF C of I
Minutes 19 August 2009
Attached is a document which was presented to the Committee of
Inspection regarding the loan book, including current issues and
the ongoing strategy for realisation.
Loan Book Update for COI 19 August 2009
Habana legal case
We have been notified that the plaintiff in the Habana case has
lodged an appeal. We have not yet been advised of the date on which
the appeal will be held.
As previously, the best way to make contact is to write to the
bank or email firstname.lastname@example.org. If you need to
telephone the bank, please use the main switchboard number +44 1624
Joint Liquidator Provisionally