The Tuesday, October 1 edition of Times of Malta, in one of its first pages, carried a whole column about the millions lost by Maltese investors in Luxembourg’s ARM. Amongst others it was stated that the Luxembourg’s court decision was final.
I beg to differ. As Europeans, in protecting one’s private property, even if it is denominated in euros, one can always try and have recourse to the European supranational courts.
Nearer home, of perhaps equal interest to Maltese investors was another item, a paid advertisement, in the classified pages pertaining to the liquidation of a Global Capital fund. This featured the appointment of David Pace as liquidator. Is one to wonder if no Maltese or Gozitan investors lost or stand to lose any money in this wound down Global Capital Funds Sicav plc liquidation?