Liquidators of BlackfortFX/Arena Capital start legal process against debtor clients LeapRate

November 04, 2015 BY Maria Nikolova

Liquidators of BlackfortFX/Arena Capital start legal process against debtor clients

KordaMentha, the company appointed as a liquidator of now defunct Forex broker BlackfortFX/Arena Capital Limited, has started legal proceedings against some of the debtor clients of the brokerage. The confirmation for this action is contained in an update regarding the liquidation process. The legal process concerns clients who have received profits from the brokerage while…

October 12, 2015 BY Maria Nikolova

BlackfortFX's receivers publish final report, receipts total humble NZ$755,000

The Forex broker owes approximately NZ$7 million (US$4.68 million) to some 1,100 clients, whereas the current amount of funds recovered is 10 times smaller.

July 13, 2015 BY Maria Nikolova

Forex broker BlackfortFX should be liquidated: Administrators

Receivers from KordaMentha say Arena Capital/BlackfortFX is clearly insolvent and should be liquidated, in order for them to proceed with distribution of client funds.

June 23, 2015 BY Maria Nikolova

BlackfortFX loses registration in New Zealand, as investigation goes on

The company, which never actually traded in Forex, was stricken off from the list of New Zealand's Financial Service Providers today.

June 11, 2015 BY Maria Nikolova

Receivers of BlackfortFX say company “not actually traded in foreign exchange”

The receivers of the brokerage report that around NZ$9 million (US$6.3 million) were deposited into accounts of BlackfortFX (Arena Capital).

May 28, 2015 BY Maria Nikolova

Court appoints receivers for Arena Capital/BlackfortFX

The decision follows the issue of asset preservation orders over the assets of the FX broker amid regulatory concerns the funds of clients could be at risk.

Tag: Arena Capital