FNB KPL-ETSA: part 2 - REYNOLDS TO THE RESCUE


Immediately after his appointment as liquidator of KPL-Etsa (at the instigation of FNB), Philip Reynolds sought to persuade KPL’s other creditors that it was not worth launching an enquiry into what had happened, and assured them that he found it difficult to believe that senior bank officials could be guilty of intent to defraud, or of gross negligence.

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Keywords:
Fnb
FNB
KPL-ETSA
strategic liquidations
insolvency law
insolvency practice
LTA Autecon
Conflict Of Interest
Eiser & Kantor attorneys
Philip Reynolds
Ernst & Young
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