CySEC orders liquidation of fund, restricts shareholder voting rights

The Cyprus Securities and Exchange Commission (CySEC) announced the dissolution and liquidation of Wanterfell Investment AIFLNP V.C.I.C. Ltd following the total redemption of its units. The fund, which operated as an Alternative Investment Fund with Limited Number of Persons (AIFLNP), carried License Number LPAIF123/2014. CySEC explained that the dissolution was carried out under article 132(1)(d)…

Administration as a Business Rescue Tool: Preserving value and investor confidence in Nigeria

A. INTRODUCTION Nigeria’s business landscape has always been dynamic, but in recent years it has become increasingly volatile. Currency fluctuations, inflationary pressures, tightening access to credit, and shifts in regulatory policies have all combined to push many Companies closer to financial distress. As the risk of being insolvent increases, businesses are finding themselves at critical…

MorganAsh and PayPlan Partnership Delivers Major Gains in Vulnerability Identification, Scalability and Support

PayPlan, a leading UK provider of debt advice and support, has announced successful results from its partnership with support services provider MorganAsh – with the adoption of the MorganAsh Resilience System (MARS) delivering improvements in identifying and supporting vulnerable customers – and generating deeper management information. For PayPlan, which provides debt advice and services including…