No More Appealing Opportunities For Former Crown Forex S.A Owners. Liquidation Process To Gain Steam From Now On

Finally Crown Forex S.A liquidators decided to update the site crownforex.info they created to keep posted clients about the latest goings on the Crown Forex S.A liquidation.

The site had not been updated since July 30th 2009, so it’s been almost a year without further official news about the case.

Two main points to consider:

1. “The decision… has entered into force as the appeal of the Company against the said decision has been denied by the Administrative Federal Court and no appeal to the Supreme Court has been filed within
the legal time frame.


So it seems this is the end for more appealing by Crown Forex S.A former management/owners and liquidation process should gain steam from now on.


2. Also, it would be good that liquidators would reconsider their decision of making the creditors’ plan available for public consultation at the Liquidator’s office.


As our friend Tiger states: Do liquidators know that almost no client is locally in Switzerland? what’s the the purpose of plan drawn in their own office? It must be posted on the web,
whatever the plan is.


Tiger and I hope liquidators will give it due considerations.


Thanks


Francesc


——————————
IMPORTANT INFORMATION TO CLIENTS OF CROWN FOREX SA IN LIQUIDATION


May 27, 2010


Dear clients, dear visitors,


The decision of the Swiss Financial Market Supervisory Authority (FINMA) dated May 18, 2009 opening the bankruptcy of CROWN FOREX SA, effective May 19, 2009 at 8:00 (Swiss time) has entered into force as
the appeal of the Company against the said decision has been denied by
the Administrative Federal Court and no appeal to the Supreme Court has
been filed within the legal time frame.


Claims in the bankruptcy of CROWN FOREX SA, in liquidation, are currently being handled and under review by the Liquidators. Due to the number of claims, this process is taking a lot of time and may still
last several months.


The Liquidators will revert individually to claimants in case they need more information or documents to handle and assess specific claims.


Upon completion of all claims’ review, the creditors’ plan will be drawn and will be available for public consultation at the Liquidator’s office. Claimants whose claim will be fully or partially denied will
individually receive a decision.


Sincerely,


Laurent WINKELMANN - Philippe von BREDOW

NOTTER MEGEVAND & PARTNERS
Place Edouard-Claparède 3
1205 Genève
SWITZERLAND
p.vonbredow@nomea.ch
l.winkelmann@nomea.ch
——————————

Views: 71

Replies to This Discussion

Hi Boris

Your version of the facts is as good as any other that we have going around... mine I rather to keep it for me at this time as I want to see first how the regulator and the retainers move.

Francesc
I as everybody mailed all requested documents to liquidators more than a year ago.
Did you others get some proof from them that they have received your paperwork and therefore they take you into the account when they will be sending the money.
I am just thinking if the liquidators will say that they didn't receive anything from me and therefore will not give me anything, what will i do? I have only the post office receipt and that is pretty nothing when claiming for such big money.

Does anybody have some legal proof of receiving the documents by liquidators?

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