It is anticipated that any settlement will be specific to a particular company rather than to the Fujian Companies as a whole.
The Advisory board includes some of the Non Executive directors of the Fujian Companies which will enable China Resolutions to have access to the circumstances leading to the respective Fujian delistings. These Advisory Board members will not be remunerated for their assistance on the Fujian Companies' recovery.
Both John McLean and Jay Newman are Directors of Sorbic International plc where Tim Clissold's Company BCSEAL Ltd was hired in June 2015 to recover certain assets. The fee and financial arrangements associated with this assignment do not accrue to China Resolutions in any way and furthermore any fees which become payable will be paid by the beneficiaries (Sorbic Loan Note Holders) out of the amounts they receive.
This work will be performed primarily by Tim Clissold in China, whilst John McLean will be the main point of contact in the UK. Tim will be assisted as necessary by other members of our Chinese team.
China Resolutions approach is to work with the authorities and the respective counterparties and it has an established track record of achieving solutions which works for all parties. The timescale for achieving a settlement is unknown at this stage, however it is estimated that any proposals will be available in mid 2017.
If you would like to learn further how China Resolutions can help you, please either email John on email@example.com or phone him on 020 7930 8888.