The appointments of Luke Charleton and Colin Farguharson of EY as provisional liquidators of Blackbee were sought by the Central Bank over its “significant concerns” about the investment fund, particularly in relation to governance.
The judge made the winding up orders pursuant to the European Union Regulations of 2017 and the Companies Act of 2014. In outlining the provisional liquidators’ report to the court, Mr Brady said Mr Charleton and Mr Farguharson have over the past 10 days had difficulties accessing certain client account information notwithstanding that they have had six meetings with Mr O’Shea.
The liquidators are in a “fact-finding” stage of their investigation and were not making judgments about this issue, he added.
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