CATHEDRAL CORE SERVICES LP (IN LIQUIDATION)


APPOINTMENT

Cathedral Core Services LP is a limited liability partnership registered in New Zealand, of which CATHEDRAL PRIMARY CONTROLLER HOLDING LIMITED (in HK) is the General Partner.

In the last few months, the partnership has experienced operational and execution problems. Although operations are sustained worldwide, certain areas specific to Latin America have been heavily influenced by this situation. A series of liquidity restrictions affecting its day to day operations has put the viability of the company in question. Furthermore, several cases where the company has been misrepresented by third parties have also been found in Latin America.

As a result, Cathedral Core Services LP was placed into liquidation by resolution of its partners pursuant to Section 88(1) of the Limited Partnership Act 2008 (“the Partnership Act”). The process was started on September the 1st 2016 and the Insolvency Practitioner, Maria Escudero, was appointed as liquidator of the partnership.

Cathedral Core Services LP is a member of the Cathedral Financial Group of Companies which includes Cathedral Investment Bank. As a result of this liquidation and the possible risks associated with loss of capital, Cathedral Investment Bank has advised that they will step in after the liquidation is concluded covering all remaining and outstanding balances of any of the claims submitted by such creditors.

There are 337 individuals and corporations affected by this liquidation from Europe, Asia and Latin America. All other unaffected accounts are being liquidated and repaid at the moment.

 

RESTRICTIONS

In preparing all reports, communications, appendices and attachments, we have relied upon information provided to us. We have not independently verified or audited that information. Whilst all care and attention has been taken in compiling the information on this website, we do not accept any liability whatsoever to any party as a result of the circulation, publication, reproduction or use of this information.

In regards to reports, we reserve the right (but are under no obligation) to review and, if we consider necessary, revise the information contained in the reports in respect of any information existing at the date of such reports which becomes known to us after that date.

 

RELATED DOCUMENTS

A First report was issued on October 7th 2016. If you are a creditor you can request such report at info.liquidation@cathedralcore.com

Furthermore, you can download the following notices:

Notice to Creditors Regarding Dates and Authorized Formats (Please note that all dates have been extended to Friday the 31th of March 2017);

Notice to Creditors regarding related Legal Action; and

Notice of Liquidators’ Decision to Dispense with Meeting of Creditors.

Notice to Establishment of Temporary Contact Offices

2nd Liquidators Report Final

 

STRUCTURE

Cathedral Core Services LP (In Liquidation)

Partnership number: 2354954
Nature of business: Financial Consulting Services
Central Mailing Address: Level 31 Vero Centre, 48 Shortland Street, Auckland New Zealand 1010
Incorporation: 30th October 2009
General Partner: Cathedral Primary Controller Holding Limited (Not incorporated in New Zealand)
Related Entities: Cathedral Limited (Not incorporated in New Zealand)

 

BACKGROUND

The company provided Investment Advisory Services in Several Countries including, but not limited to, General Consulting Services, Financial Consulting Services, Financial Analysis, Financial Structuring and Investment Banking.

 

STATEMENT OF AFFAIRS

There is no current estimation of the financial position of Cathedral Core Services LP nor the current position of any assets, liabilities or investments.

The company has offices located in more than 7 countries and all information is being gathered and centralized to be reviewed by the Liquidator.

 

LIABILITIES AND CREDITOR CLAIMS

For ease and efficiency we have divided the creditors into two groups:

A) Standard Creditors (Secured or Unsecured)

- You are a “Standard Creditor” if you had a service or supplier type contract with Cathedral Core Services LP (In Liquidation) including but not limited to any services supplied to Cathedral Core Services LP (In Liquidation) and in which money is owed.

B) Clients or Investor Type Creditors

- You are a client if you had invested any monies with Cathedral Core Services LP (In Liquidation) in any type of product or services offered.

The liquidator of Cathedral Core Services LP (In Liquidation) (“the entity”), does hereby fix Friday the 31th of March 2017, as the day on or before which the entities’ “Regular Creditors” are to submit their claims, and to establish any priority their claims may have under Section 312 of the Companies Act 1993.

For clients, the liquidator has not issued a definitive date and or procedure, including when the ACF should be submitted. The liquidator will contact all account holders/clients directly by email with the specifics of the liquidation, and all related timeframes will be published on this site.

Regular Creditors who have not made a claim by Friday the 31th of March 2017 may be excluded from any distribution made. Clients do not yet have a date set.

A process for submission of a Client Claim or a Standard Creditor Claim (Secured or Unsecured) along with a complete FAQ can be found at www.cathedralcore.com/claimfaq/

The Standardized Claim Formats can be downloaded at www.cathedralcore.com/claimsf.pdf

Creditors should note that no claims that are different from the formatted and Authorized Version will be accepted, and no alternative procedure will be authorized.

Creditors not having made a claim using the Authorized Format may be excluded from any distribution made.

Furthermore, Creditors not having made a claim by Friday the 31th of March 2017 may be excluded from any distribution made.

ESTIMATED DATE OF COMPLETION

There is no estimated date of completion for the liquidation.

 

YOU SHOULD ALSO READ:

FAQ

Notice to Creditors Regarding Dates and Authorized Formats. (Please note that all dates have been extended to Friday the 31th of March 2017);

Notice to Creditors regarding related Legal Action.

Notice to Establishment of Temporary Contact Offices

2nd Liquidators Report Final

Enquiries should be directed to the Liquidator by email to info.liquidation@cathedralcore.com or written communications forwarded to:

 

Cathedral Core Services LP (in Liquidation)

c/- McDonald Vague Limited
Level 10, 52 Swanson Street, Auckland 1010, New Zealand
P O Box 6092, Wellesley Street, Auckland 1141, New Zealand
Attention: Maria Escudero