Slap in the face for BCL creditors
Thursday, November 02, 2017
According to the provisional liquidator, Nigel Dixon-Warren, at present, there has been very little recovered from the Mine’s debtors. This effectively means creditors will make minimal recoveries of the monies they are owed by BCL.
Local creditors left an informal meeting yesterday with long faces, after the provisional liquidator informed them that those submitting claims against the Mine would also have to contribute towards the rehabilitation fund.
These legal professionals, who are entrusted with upholding the rule of law, face numerous challenges that compromise their ability to effectively carry out their duties.Elsewhere in this edition, we carry a story on the lamentations of the officers of court.The prosecutors have raised a number of concerns, calling for urgent attention from all relevant stakeholders, including the President, Minister of Justice and the Attorney General. Their...