Derivatives brokerage GoldFX Investment Co Ltd (GFX) is preparing to declare bankruptcy, several sources familiar with the matter have told Khmer Times.
The company has been at the heart of a dispute since March involving the loss of $27 million, affecting more than 6,000 investors.
The firm is currently offering a maximum of 30 percent in compensation to them. However, victims are questioning how a bankruptcy will affect their dispute and attempts to eke out a resolution.
In accordance with the law, the debtor or the creditor can file to start a bankruptcy, a prominent lawyer speaking under the condition of anonymity told Khmer Times.
Three representatives fo…
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