Video: Second rescue practitioner pulls plug on Libertas GH
He then said liquidation could destroy value while business rescue provided time to realise assets, noting the company’s interest in a plastic-to-diesel operation, a Bosnia plant, equipment recoveries, outstanding claims and investments and technology.“After extensive consultations and further substantial progress made in the statutory section 141 investigation into the affairs of Libertas GH,” Samons wrote, “the BRP has concluded that the conversion of the entity’s status from business rescue to liquidation is inevitable due to the undue pressure.”Troubled crypto-and-then-some investment company Libertas GH is heading for liquidation after its second business rescue practitioner pulled the plug on rescue proceedings this week.
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