Legal

Creditors of €30m forestry firm query appointment of liquidators

Investors concerned after claim made that director who chose to wind up GWD Forestry investment company was wrongly stated to be a shareholder

GWD Forestry Limited: firm which raised money for plantations in Brazil and Canada was placed into liquidation last month

Creditors of a forestry investment firm which took in around €30 million from investors have written to two recently-appointed liquidators to express concern over their appointment.

GWD Forestry Limited, which raised money for plantations in Brazil and Canada, was placed into liquidation last month and two liquidators from a Dublin firm were appointed, a December 14 creditors’ meeting was told.

The appointment of the liquidators has been questioned by a number of creditors who have ...