Tenon practitioners are first in the UK to be regulated and approved by the Qatar Financial Centre Authority (QFCA)

Creditors of Silver Leaf Capital Partners LLC, the first corporate failure of a CRO Registered Limited Liability Company in Qatar since the establishment of the QFCA in 2005, have appointed Jo Rolls and Steve Parker of Tenon Recovery as joint liquidators.

Silver Leaf was incorporated as an investment vehicle and has secured an initial tranche of capital to cover set-up fees, professional and regulation fees in addition to marketing costs associated with seeking investors.

A meeting of creditors was advertised both in the UK and Qatar and, since information provided showed the majority of creditors were based in the UK, it was held in London on 7th July. All participants were offered the option of attendance in person or by phone.

Following their appointment, Jo and Steve will conduct detailed investigations into the past trading of the company.

Carl Jackson, National Head of Tenon Recovery, said:

“This appointment further demonstrates our ability to handle innovative cross border restructuring and recovery cases.  We have previously completed the first Centre of Main Interest (COMI) deal conducted in the UK.”

About Tenon Recovery
Tenon Recovery is the third largest corporate appointment taker in the UK.  Specialising in turnaround, recovery, restructuring and insolvency in both the corporate and personal sectors, Tenon Recovery is led by 43 directors supported by 350 staff operating from a network of 30 offices across the UK.  Tenon Recovery has strong relationships with secured lenders, both banks and asset-based lenders.  Tenon Debt Solutions assists over 3,000 individuals suffering from sever debt problems – see www.tenondebtsolutions.co.uk

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