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Propinvest Group Ltd administration applied for in English courts

Grant Thornton will apply to the High Court tomorrow to have a Guernsey-issued administration order over Propinvest Group Ltd, a part of Glenn Maud’s Propinvest, recognised in English courts. Propinvest is vigorously contesting the order.
CoStar News
November 10, 2011 | 8:00 P.M.

Jamie Toynton and Malcolm Shierson of Grant Thornton were appointed administrator of PGL on Friday after the Royal Court of Guernsey issued an order to that effect. Grant Thornton confirmed today that the English application was due to be heard on Thursday. If agreed, the application would allow Grant Thornton to pursue the administration in both jurisdictions.

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