The "Liquidation Option"
1. A deal involving a liquidation of the Harlequin asset owing companies. The liquidator will then sell the assets to a bidding company. The bidding company would acquire the assets free from any claims from investors - eg all investors become unsecured creditors in the liquidation.
The key issues under this option for investors would be :-
(a) was the transaction at arms length ?
(b) Does David Ames, his family members or a part holding as a nominee retain any interest in the bidding company ?
(c) does the transaction represent the best option for creditors ?
Remember, under this option David Ames as sole shareholder and director can pick which liquidator he appoints.
The "Historical Option" :-
2. The companies are sold. The bidding company acquires the assets and liabilities. We do not see this as an option any third party would want. Why inherit the historical problems ?
We have lawyers in the main jurisdictions. We have a very detailed understanding of the companies.
We have been instructed by (in the past) or continue to be instructed by significant numbers of Harlequin investors. We have the ability to reach the majority of investors quickly.
Preparation is key and lack of it will allow those who do not hold investor interests at heart to act without challenge.
Regulatory Legal Solicitors
Regulatory Legal are dealing with a large number of Harlequin investors who have made their investments in different ways and we are committed to trying to assist as many investors as we possibly can. To do this, we have teamed up with a number of partners who have specialist expertise in particular types of claims and who may be able to assist you on certain aspects of your potential claim. More information on how the different types of investment claims can be pursued is set out in the attached documents.
You may have several investments, or investments which fall into more than one category, for instance you may have separate claims against both your SIPP Provider and your financial adviser, or against your financial/mortgage adviser and your sales agent.
If you received advice from Birchall Blackburn or Grace & Co Solicitors please contact Rebecca Handley on 01384 889 900.
If you wish this Firm or one of our specialist partners to consider your matter further, please complete and return the applicable forms together with all documents requested.
We feel it important that Harlequin confirm their solvency. See attached declaration sent to David Ames's lawyers. We can see no reason why this cannot be attended to. It would provide reassurance.
The opinions on here are just that, opinions. To provide legal advice, we need to be instructed and fully appraised of your position.
Guidance is all we can provide here. For advice, please contact us.