Helping liquidators with a complex dividend distribution to creditors

We helped the liquidators of a company behind a well-known bidding website. The liquidators were left with a small amount to declare a dividend payment to the creditors. However, there were thousands of creditors all over the world. Furthermore, the costs related to the dividend payments were, in many cases, more than the dividends owed.

We supported the liquidators to make a court application for directions on how to deal with the situation and ensure an orderly and fair distribution to creditors.