This website works best using cookies.

9. Why liquidation and not receivership or administration?

The Bondholders are entitled to choose the method of enforcement of their security.  They have chosen to instruct the Bond Trustee to petition for the appointment of liquidators in the British Virgin Islands.  As XEL is registered in the British Virgin Islands, administration in England is not an option.

.

Published : Monday, November 28, 2016 5:52 PM UTC