Alpari UK Administrators KPMG provide update on insolvency proceedings LeapRate

February 09, 2015 BY Maria Nikolova

Alpari UK Administrators KPMG provide update on insolvency proceedings

Earlier today KPMG, the company that provides the special administration services to troubled FX broker Alpari UK, issued an update on how the insolvency procedures are developing. The administrators confirm the sale of intellectual property assets (including the Alpari trademarks) to Andrey Dashin, a deal that is set to release funds sufficient to recover some…

February 06, 2015 BY LeapRate Staff

Alpari UK update: Trademarks sold, Client Lists to be sold, and the full Info Memorandum

LeapRate Exclusive... LeapRate has learned that the M&A discussions revolving around Alpari UK and the possibility of selling the firm intact have evaporated in the past 24 hours, with the last potential buyers deciding to walk away. As we reported earlier in our exclusive unveiling of the Confidential Information Memorandum put out by Special Administrator…

February 06, 2015 BY LeapRate Staff

Alpari UK client petition to Administrator KPMG for return of client funds

It has been more than three weeks since the events of January 15, 2015, which turned the forex trading world on its head resulting in the bankruptcy of some brokers, most prominently Alpari UK. Alpari UK remains in insolvency under administration of KPMG, which has spent most of the past three weeks attempting, unsuccessfully, to…

February 06, 2015 BY Maria Nikolova

Alpari plans expansion, Andrey Dashin gets intellectual property rights for the brand

Earlier today it became clear that Andrey Dashin, chairman of the Board of Directors of Alpari RU, has completed the deal for getting intellectual ownership rights over the brand. This means that he now has the intellectual property rights for the trademarks Alpari, the domain names, with these ownership rights spanning over 60 countries. The latter…

January 30, 2015 BY Maria Nikolova

KPMG confirms: Alpari UK's clients have to repay negative balances

The administrators from KPMG, who have been in charge of Alpari UK after the FX broker filed for insolvency less than two weeks ago, today issued a rather disappointing update for the clients of troubled company. In the announcement, dated January 30, 2015, the administrators say they are still in the process of analysing the…

January 29, 2015 BY LeapRate Staff

Alpari UK Confidential Information Memorandum details - LeapRate Exclusive

How much did Alpari UK lose on 'Black Thursday'? How big is Alpari Japan? What is administrator KPMG looking for? All that and more is inside.

January 25, 2015 BY LeapRate Staff

Alpari UK administrator reports inconsistencies found in trades after SNB announcement

Alpari UK's Special Administrator, KPMG, has issued an update to (former) clients and creditors of the company. Interestingly, KPMG points out that in its initial review of trades at Alpari UK on the fateful day of Thursday January 15 (after the SNB's surprise move removing the EURCHF 1.20 floor) it has found some 'inconsistencies' in…

January 24, 2015 BY LeapRate Staff

Alpari RU remains aggressive, offers 30% deposit bonus to ex Alpari UK clients

The Russia arm of the Alpari Group, which emerged unscathed from Swiss Franc Black Thursday, has continued a PR and marketing campaign to help distance itself from the fate of Alpari UK, which has entered insolvency. We had earlier reported that Alpari RU announced a zero minimum deposit requirement on all trading accounts. Now Alpari…

January 23, 2015 BY LeapRate Staff

ETX puts in a proposal to acquire Alpari UK - LeapRate Exclusive

LeapRate Exclusive.. LeapRate has learned that leading UK online broker ETX Capital has put in a proposal to acquire Alpari UK out of administration. The following statement was received from ETX Capital: ETX has provided KPMG with a proposal to acquire assets of Alpari (UK) Limited. Over recent months ETX Capital has acquired Shelbourne markets…

January 23, 2015 BY LeapRate Staff

Alpari UK Administrator KPMG - proposal will be out by March 16

It looks like the Special Administrator for the insolvent Alpari UK, the accounting firm KPMG, has itself quite organized in dealing with the situation. KPMG has already issued instruction letters to both (former) clients and creditors of Alpari UK, with instructions for each to follow. In its letters, KPMG indicates that it will issue specific…

Tag: Alpari UK