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.
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.
Laurent WINKELMANN - Philippe von BREDOW
NOTTER MEGEVAND & PARTNERS
Place Edouard-Claparède 3