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  • Fourth court hearing for petition to wind up KSFIOM.Hearing adjourned to 9th April.
  • Petition of Michael Simpson for appointment of a Joint Liquidator. Peter Spratt of PriceWaterhouseCoopers appointed Joint Liquidator provisionally of KSFIOM (with Michael Simpson).
  • Hearing to confirm the outcome of the Creditors' Committee meeting of 7th July. Michael Simpson and Peter Spratt appointed Joint Liquidators; constitution and initial members of Committee of Inspection confirmed.

  • Hearing to consider awards of costs incurred by the SoA.

  • First court hearing for petition to wind up KSFIOM; hearing adjourned until 27 November.
  • Sixth court hearing for petition to wind up KSFIOM. KSFIOM to be wound up. Michael Simpson and Peter Spratt discharged as Joint Liquidators provisionally and appointed as Joint Provisional Liquidators and Joint deemed Official Receivers for the winding up. The first meetings of creditors and contributors to be held within 6 weeks.
  • Second court hearing for petition to wind up KSFIOM.Hearing adjourned to 29th January 2009.
  • Third court hearing for petition to wind up KSFIOM.Hearing adjourned to 19th February.
  • Fifth court hearing for petition to wind up KSFIOM. The DD ruled that the SoA go forward to a vote among 3 classes of creditors. The winding up position was adjourned to allow for the vote to take place.

    Affidavit of Alan Lloyd Gough (advocate for IOM Treasury), 3 April 2009, filed with joint petition of KSFIOM & Treasury, proposed SoA, affidavit of Michael Simpson

  • Hearing to appoint Liquidator provisionally of KSFIOM and to seek a winding up order in due course; joint petition of KSFIOM and FSC. Michael Simpson of PriceWaterhouseCoopers appointed Liquidator provisionally. Further hearing adjourned to 24th October.

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