An application by the British Virgin Islands Financial Services Commission to force an offshore hedge fund group into administration has been adjourned to June 11.
A hearing on the application against Lancer Offshore Inc. and The Omnifund Ltd. took place on Friday, May 30, 2003 but was not concluded. It was adjourned for 12 days because the judge is traveling this week.
Articles British Virgin Islands Featured Fraud Investment Liquidations & Insolvencies USAJune 3, 2003
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Lancer Offshore Liquidations & Insolvencies Mark Chapman Stuart Sybersma The OmniFund Ltd.