Permanent Value Asset Management Limited

The International Tropical Timber Organization, which was established by the United Nations to protect rain forests, is one of the biggest victims of an apparent fraudulent scheme involving hedge funds in the Cayman Islands, an investment manager in Barbados and factoring firms in New York.

Petition In the Matter of Argyle Funds SPC Inc. (in Voluntary Liquidation) at the Grand Court of the Cayman Islands.

Petition In the Matter of ARC (Euro) Fund (in Voluntary Liquidation) at the Grand Court of the Cayman Islands.

Petition In the Matter of ARC (USD) Fund (in Voluntary Liquidation) at the Grand Court of the Cayman Islands.