Professionals

16 December 2016

Press release 16/44

Pursuant to Article 129 of the Law of 18 December 2015 on the failure of credit institutions and certain investment firms and following the permanent withdrawal of the authorisation of VALOR CAPITAL S.A. by the Minister of Finance, the Luxembourg Tribunal d’Arrondissement (District Court) sitting in commercial matters ordered the dissolution and liquidation of the investment firm incorporated under Luxembourg law VALOR CAPITAL S.A. on 15 December 2016. This liquidation follows the suspension of payments of VALOR CAPITAL S.A. ordered on 11 October 2016.

VALOR CAPITAL S.A. is an investment firm within the meaning of Article 1 of the Law of 5 April 1993 on the financial sector and carries out activities as investment adviser, broker in financial instruments, commission agent, private portfolio manager, corporate domiciliation agent and professional providing company incorporation and management services pursuant to Articles 24, 24-1, 24-2, 24-3, 28-9 and 28-10 of this law.

Me Laurent FISCH, avocat à la Cour, was appointed as liquidator by the same judgement. Mrs Anick WOLFF, Vice-president of the Luxembourg Tribunal d’Arrondissement, was appointed as official receiver.

In accordance with Article 129(7) of said law, the judgement determines the manner in which the liquidation is to be carried out.