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15 Jul 2009
Administrators from Tenon have been called in at Silver Leaf Capital Partners, the troubled investment vehicle based in Qatar.
Its creditors appointed Jo Rolls and Steve Parker as joint liquidators last week. The pair are now gearing up to conduct a detailed investigations into the past trading of the business.
This will mean the two practitioners are the first in the UK to be regulated and approved by the Qatar Financial Centre Authority.
Silver Leaf had secured an initial tranche of capital to cover set-up fees, professional and regulation fees in addition to marketing costs associated with seeking investors, but creditors have now opted to liquidate the business.
A meeting of creditors was advertised both in the UK and Qatar and, since information provided showed the majority of creditors were based in the UK, it was held in London on 7 July.
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