Halliwells liquidator continues talks with ex-partners over reverse premium
Halliwells' liquidator BDO is continuing to negotiate a deal with the defunct firm's former equity partners which could see the group forced to repay some of the controversial 'reverse premium' property payout they received. Legal Week has been provided with some details regarding the proposed settlement, but has chosen not to disclose them due to a confidentiality agreement surrounding the mediation. Mediation between BDO and 32 former equity partners of the collapsed firm has been ongoing for almost a year as the liquidator seeks to recoup some or all of the £21m payout which was shared between the equity partners in 2007.
Halliwells’ liquidator BDO is continuing to negotiate a deal with the defunct firm’s former equity partners that could see the group forced to repay some of the controversial ‘reverse premium’ property payout they received.
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