He once owned some of the most valuable buildings in the world, and built up a portfolio valued at more than 4B (3.6B). But UK property investor Glenn Maud could be declared bankrupt by the end of the month following a judgement in a long-running legal battle against Libyas sovereign wealth fund and fellow entrepreneur Robert Tchenguiz.
In April, Mr Justice Richard Snowden gave a judgement in favour of the Libyan Investment Authority in its legal proceeding to have Maud declared bankrupt over a 17M debt.This month Maud was given until 29 June to lodge a case with the Court of Appeal or face an immediate bankruptcy order.
In his judgement,Snowden described the case, which has been running for more than four years, as labyrinthine….
Read the full article at: https://www.bisnow.com/london/news/capital-markets/lies-and-labyrinthes-former-big-beast-maud-faces-bankruptcy-in-row-with-tchenguiz-and-libyan-wealth-fund-104822
