Grupeer is looking to work with lawyers representing a group of disgruntled investors who were taking legal action against the European peer-to-peer lender.
The Latvia-based peer-to-peer lender had itseconomic activities suspendedby the countrys tax authority last September.
It also faced criticism and legal action after it said in March that it wouldno longer pay interest owedto lendersdue to the state of emergency declared across EU member states and limits on being able to recover debts amid the pandemic.
Grupeer had already appointed debt collection firm Recollecta to take over management of platform repayments and revealed it is chasing 10m (9.03m) of unpaid debt from several loan originators.
But the platform has revealed this pl…
Read the full article at: https://www.p2pfinancenews.co.uk/2021/02/22/grupeer-proposes-ceasfire-with-disgruntled-investors/