The expert, appointed last June by the Paris Commercial Court, will deliver his opinion on 21 December.
As a result, the association will no longer be able to accept new members after December 15, 2022..
How did a management company, a subsidiary of the Natixis group, lend nearly €3 billion to a single private player in difficulty?
Why is what remains of these amounts still frozen since August 2020 in “Side-Pockets”?
Why will these sums probably never be repaid?
The Association aims to bring together all investors who have subscribed to funds of the company H2O, and who are now left with a part of their assets, blocked in the «side-pockets».
This problem mainly concerns the 6 funds: H2O ALLEGRO, H2O MULTIBONDS, H2O MULTISTRATEGIES, H2O MULTIEQUITIES, H2O ADAGIO and H2O MODERATO.
Litigation is ongoing. The association commissioned a Parisian business firm to assist it in this process, under the guidance of a lawyer specialized in financial regulation.