Advocates Mark Helyar and Christopher Anderson of Bedell Cristin Guernsey have been appointed by the liquidators of CCC to provide Guernsey legal advice on the liquidation. Court applications in Guernsey on Monday 17th and Tuesday 18th March led to the appointment of four liquidators from insolvency and corporate recovery specialists Begbies Traynor to act on behalf of the stricken Guernsey registered fund, which is listed on the Euronext Amsterdam exchange.

CCC is one of the latest high profile collapses arising from recent global market turmoil. With reported predominantly residential mortgage assets on 27th February of US $21.7 billlion, CCC is by far the largest and internationally high profile compulsory liquidation ever brought before Guernsey’s courts.

Managing partner in Guernsey, Mark Helyar said:

“Our team is working closely and intensively with the liquidators and counsel in Guernsey, London, New York and Holland, together with the relevant regulatory and listing authorities, to facilitate the orderly liquidation of CCC’s remaining assets”.