The High Court has appointed a liquidator for Oenofuture Limited, the company that held the majority of the Oeno Group’s wine investment, but warned that the compulsory winding-up process is likely to be “very lengthy”.
The compulsory winding-up order, which was made on 4 March, sees Steven Illes and Andrew Duncan of MHA Advisory Limited appointed as joint-liquidators for the company, ending the provisional liquidation order that has been in place since 5 February.
In addition to winding down the company – which includes protecting and securing company assets, records and property, they will investigate what went wrong and cause…