Mr Molale said government, through his ministry, had provided funding to the liquidator
to carry-out this function.
The court was told it is hoped the liquidator
's appointment will see parts of the Irish business sold off to a new parent firm and many of the 99 jobs will be saved.
Abraaj filed a petition last week in the Cayman Islands, asking the courts there to appoint provisional liquidators
for the embattled entities.
Bank of Tanzania revoked FBME's licence of the bank on May 5 and appointed the Deposits Insurance Board as liquidator
A key personality in liquidation proceedings is the liquidator
'In particular, we are interested to further investigate a key question: At what stage did the BBL directors have regard to the interests of the noteholders and creditors in making their decisions about the conduct of the group's business?' said Deloitte liquidator
offers a server-based trading platform that allows flexible definition, modification and execution of trading strategies across multiple asset classes, broker connections and electronic markets, according to the company.
He said the liquidator
had since the last sitting of Parliament scaled down the care and maintenance of BCL and Tati mines by stopping pumping out of water at the south east extension and suspending repair work as well as cleaning on the surface infrastructure and all its associated equipment that had been flooded.
The decision of Bank of Tanzania came as a Cypriot court was expected to rule on the Central Bank of Cyprus's application for the appointment of a liquidator
at its Cypriot branch.
He said there was no Collective Labour Agreement between the liquidator
and trade unions as the liquidator
was not an employer, but was rather executing his functions in terms of the Insolvency Act Chapter 42:02 and workers were engaged in their capacity as creditors.
who neglect intellectual property could lose out on the opportunity to raise thousands of pounds for the creditors of a defunct company, according to Dr Jeremy Philpott of the Patent Office.