Press release 13/19
Pursuant to Article 61 of the law of 5 April 1993 on the financial sector, the Tribunal d’arrondissement de Luxembourg (Luxembourg District Court), sitting in commercial matters, ordered the dissolution and liquidation of the investment firm incorporated under Luxembourg law H CTG S.A. on 30 April 2013. This liquidation follows the suspension of payments of H CTG S.A. ordered on 20 March 2013.
H CTG S.A. is an investment firm within the meaning of Article 1 of the aforementioned law and carries out activities as investment advisor, broker in financial instruments, commission agent and private portfolio manager pursuant to Articles 24, 24-1, 24-2 and 24-3 of this law.
Me Tom LOESCH, avocat à la Cour, was appointed as liquidator by the same judgement. Mr. Jean-Paul HOFFMANN, 1st vice-president of the Tribunal d’arrondissement de Luxembourg was appointed as the official receiver.
In accordance with Article 61(7) of said law, the judgement determines the manner in which the liquidation is to be carried out.