"On 8 May 2017, following a winding-up petition by OCRA Trustees (Seychelles) Limited as Trustee of Global Trust (formerly Amazonegold Seychelles Trust) ("OCRA Trustees") in relation to an amount of GBP16,021,601 arising from a Sale & Purchase agreement dated 23 May 2008 between the Group and OCRA Trustee, Latin Gold was ordered to be wound up by the High Court in London and an Official Receiver was appointed. The report by the Official Receiver, dated 1 June 2017, identified Latin Gold’s total debt at GBP16,352,748 (including issued and paid-up capital of GBP331,147). Liquidators were subsequently appointed on 20 June 2017." 2017 Annual Report Ernst and Young Letter
So in 2008 which law firm did due diligence on the purchase of Latin Gold and why aren't they being sued?
IGS Price at posting:
0.3¢ Sentiment: Hold Disclosure: Held
