On March 3, 2017, Harlequin Property (SVG) Limited (the “Company”) entered into bankruptcy after a certificate of assignment was issued by the Supervisor of Insolvency. Brian Glasgow, a licensed insolvency practitioner in Saint Vincent and the Grenadines, was appointed as Bankruptcy Trustee and affirmed at the first meeting of creditors held on March 31, 2017. Brian previously consented to act as Proposal Trustee on October 3, 2016 when Harlequin submitted a Notice of Intention to Make a Proposal under the Bankruptcy and Insolvency Act, Cap. 136 of the Laws of Saint Vincent and the Grenadines. Brian also was appointed Interim Receiver of the estate of Harlequin on December 17, 2016. These latter appointments have expired as the Company entered into Bankruptcy by the order of the St. Vincent Court.
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