Professionals

04 August 2017

Press release 17/29

Pursuant to Article 129 of the Law of 18 December 2015 on the failure of credit institutions and certain investment firms, and following the final withdrawal of the authorisation of Obsieger Capital Management S.A. by the Minister of Finance, the Tribunal d’arrondissement de et à Luxembourg (Luxembourg District Court) sitting in commercial matters ordered the dissolution and liquidation of the Luxembourg investment firm Obsieger Capital Management S.A. on 3 August 2017. This liquidation follows the suspension of payments of Obsieger Capital Management S.A. ordered on 27 June 2017.

Obsieger Capital Management S.A. is an investment firm within the meaning of Article 1(9a) of the Law of 5 April 1993 on the financial sector and used to be authorised to carry 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 Laurent FISCH, avocat à la Cour, was appointed as liquidator by the same judgement. Mrs Nadine WALCH, VicePresident of the Tribunal d’arrondissement de et à Luxembourg, 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.