RE: Frontera Eastern Georgia Ltd (204905674) : change in Register16 Jun 2022 22:23
The Gambler/Pophead’s findings tonight look to me like they are the winding up of all of the remaining Green Capital infrastructure, in line with what we already thought was happening in the Georgian courts. From memory, FIG was the company that Hope and FTI held briefly, and whilst in charge they tried to sell the asset to Green Capital. The US courts said that FTI never actually owned the asset to sell and that it was only an admin error that meant that the register wrongly said that FRC didn’t own the asset. So to me (admittedly sat in the Home Counties and rather a long way from the action) this looks like a positive step in our journey to formally regaining the asset. Any other thoughts welcome!