Despite exhausting significant efforts with the acquiring entity for reaching a consensual modification of the liquidation plan adopted upon the entry of the Consent Order for Liquidation and Dissolution of International Financial Entity executed on August 9, 2022, no such agreement has been reached.
Given the changes required for the distribution of assets and obligations owed to all customers, the Trustee has then to propose to OCIF the corresponding modification on the terms that will govern the liquidation procedures for the customers that will be part of the Trustee’s liquidation process