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Receivers and managers appointed to Arena Capital
28 May 2015
Receivers and managers appointed to Arena Capital / BlackfortFX
The High Court in Christchurch
has granted the Financial Markets Authority’s (FMA)
application for Grant Graham and Neale Jackson of
KordaMentha to be appointed as receivers and managers of
Arena Capital Limited, trading as Blackfort FX
(Arena/Blackfort).
The decision, granted yesterday afternoon, follows the asset preservation orders that were obtained by the FMA on 15 May 2015.
Mr Graham and Mr Jackson have stepped in to manage the business and to identify the assets held, the names of clients and the value of any investments held in Arena/Blackfort. The receivers will provide a report updating the Court and the FMA on the steps they have taken and the current status of their work, by 18 June 2015. The receivers will shortly be writing to known investors.
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