In a letter to a group of creditors, the administrator revealed it is also
looking into issues of whether there were any ‘transactions at an undervalue’ –
instances where the company sold assets below their real value before going into
liquidation, The Daily Telegraph reports.
To help with its investigations, Smith & Williamson has brought in top
City litigators Kirkland & Ellis and Macfarlanes.
However, Mark Trafeli, general counsel of GTE’s parent company New World
Trader, said Smith & Williamson’s latest update was ‘expected and very
ordinary… as the law requires due consideration of such matters in each and
Mark McMullen joins the private client services team from Smith & Williamson
Merger between Clear & Lane Chartered Accountants and Magma Chartered Accountants was finalised on 3 February
BDO has taken its new partner intake to 23 during the first half of its financial year, including the appointment of five partners in five weeks
The firm reports 7.6% global fee income growth for the year ending 31 December 2016