The New Earth Group of Funds – Appointment of Joint Provisional Liquidators
- New Earth Recycling and Renewables (Infrastructure) plc (“NERR”)
- The Premier Investment Opportunities Fund Protected Cell Company Plc (“PIOF”) and
- The Eclipse Investment Fund Protected Cell Company plc (“Eclipse”)
Collectively known as the “New Earth Group of Funds”.
On 12 July 2016 His Honour the Deemster Doyle sitting in the High Court of Justice of the Isle of Man heard an application from the Isle of Man Financial Services Authority (“the Authority”) seeking an order that the New Earth Group of Funds be wound up and that the Joint Liquidators provisionally and joint deemed Official Receivers who were appointed by His Honour the Deemster Doyle on 9 June be confirmed Joint Provisional Liquidators and joint deemed Official Receivers pending meetings of creditors and contributories.
His Honour the Deemster Doyle granted the application to wind up and by order for NERR, PIOF and Eclipse appointed Sarah Sanders and Alex Adam, both of Deloitte LLP, Joint Provisional Liquidators and joint deemed Official Receivers of the New Earth Group of Funds and ordered that meetings of creditors and contributories be held within 8 weeks.
The Joint Liquidators provisionally and joint deemed Official Receivers can be contacted through:
Telephone enquiries to:
0161 832 3555 – Nadeem Sweiss (Deloitte LLP)
01624 672332 – Cathy Craine (Deloitte LLP)
The appointments took effect on 12 July 2016