Skip to Content

CFI 012/2019 FCI Markets Inc (In Liquidation) and In the matter of an Application by Paul Pretlove as Liquidator of FCI Markets Inc.

CFI 012/2019 FCI Markets Inc (In Liquidation) and In the matter of an Application by Paul Pretlove as Liquidator of FCI Markets Inc.

March 25, 2019

image_pdfimage_print

                                                                                                                                                                                                                                                  Claim No: CFI-012-2019

THE DUBAI INTERNATIONAL FINANCIAL CENTER COURTS

IN THE COURT OF FIRST INSTANCE

BETWEEN
IN THE MATTER OF FCI MARKETS INC (IN LIQUIDATION)

AND

IN THE MATTER OF AN APPLICATION BY PAUL PRETLOVE AS LIQUIDATOR OF FCI MARKETS INC.

Applicant


ORDER OF H.E. JUSTICE ALI AL MADHANI


UPON the Application made under RDC Part 8 by FCI Markets Inc. (in liquidation) (“FCI Markets”) dated 4 March 2019 for the recognition of (i) the liquidation of FCI Markets by an Order of the Eastern Caribbean Supreme Court in the High Court of Justice, Virgin Islands (the “BVI Court”) dated 15 January 2018 issued pursuant to Section 163 of the BVI Insolvency Act (the “BVI Liquidation Order”) appointing Paul Pretlove and Angela Barkhouse of Kalo (BVI) Limited (“Kalo”) as Joint Liquidators of FCI Markets (the “Order of Appointment”), and as amended or varied by (ii) the subsequent order by the BVI Court entered on 16 July 2018 and which second order continued the appointment Paul Pretlove in its sole capacity as Liquidator of FCI Markets following the removal with effect from that date of Angela Barkhouse as co-appointee (the “Sole Liquidator Amendment Order”).

AND UPON hearing Counsel for the Company, Mr. Tim Prudhoe, instructed by Carlo Fedrigoli (Onoma FZE) at the hearing before H.E. Justice Ali Al Madhani on 25 March 2019.

AND UPON reviewing the Witness Statement of Carlo Fedrigoli dated 1 March 2019 in support of the Application.

IT IS HEREBY ORDERED THAT:

1.The BVI Liquidation Order and the Order of Appointment in respect of Paul Pretlove, as varied by the Sole Liquidator Amendment Order be and are hereby recognised.

2. There be no order as to costs.

3. Liberty to apply.

Issued By:

Ayesha Bin Kalban

Assistant Registrar

Date of Issue: 25 March 2019

At 3pm

X

Privacy Policy

The Dubai International Financial Centre and all its affiliates are committed to preserve the confidentiality, integrity and availability of client data and personal information.

Dubai International Financial Centre and all its affiliates employees, vendors, contract workers, shall follow Information Security Management System in all the processes and technology.

  1. DIFC Courts's Top Management is committed to secure information of all our interested parties.
  2. Information security controls the policies, processes, and measures that are implemented by DIFC Courts in order to mitigate risks to an acceptable level, and to maximize opportunities in order to achieve its information security objectives.
  3. DIFC Courts and all its affiliates shall adopt a systematic approach to risk assessment and risk treatment.
  4. DIFC Courts is committed to provide information security awareness among team members and evaluate the competency of all its employees.
  5. DIFC Courts and all its affiliates shall protect personal information held by them in all its form.
  6. DIFC Courts and all its affiliates shall comply with all regulatory, legal and contractual requirements.
  7. DIFC Courts and all its affiliates shall provide a comprehensive Business Continuity Plan encompassing the locations within the scope of the ISMS.
  8. Information shall be made available to authorised persons as and when required.
  9. DIFC Courts’s Top Management is committed towards continual improvement in information security in all our processes through regular review of our information security management system.
X

Disclaimer

The content of the DIFC Courts website is provided for information purposes only and should be disregarded when making decisions on inheritance and any other matters. Whilst every reasonable effort is made to make the information and commentary accurate and up to date, the DIFC Courts makes no warranties or representations to you as to the accuracy, authenticity or completeness of the content on this website, which is subject to change at any time without notice. The information and commentary does not, and is not intended to, constitute legal advice by the DIFC Courts or any person employed or connected with it or formerly so employed or connected, to any person on any matter, be it in relation to inheritance, succession planning or otherwise. You are strongly advised to obtain specific, personal advice from a suitably qualified lawyer in relation to your personal circumstances and your objectives. The DIFC Courts does not assume any liability and shall not be liable to you for any damages, including but not limited to, direct or indirect, special, incidental or consequential damages, losses or expenses arising in connection with this website, its administration and any content or lack thereof found on it. The information on this web site is not to be displayed except in full screen format. Although care has been taken to provide links to suitable material from this site, no guarantee can be given about the suitability, completeness or accuracy of any of the material that this site may be linked to or other material on the internet. The DIFC Courts cannot accept any responsibility for the content of material that may be encountered therein.