The Commission de Surveillance du Secteur Financier (CSSF), Luxemourg's financial regulator, has announced that, in accordance with Article 129 of the Law of 18 December 2015 on the Default of Credit Institutions and Certain Investment Undertakings, and following the final withdrawal of the approval of Obsieger Capital Management SA by the Minister of Finance, the District Court in Luxembourg, sitting in commercial matters, pronounced on 3 August 2017 the dissolution, and ordered the liquidation of, under Luxembourg law, the investment firm Obsieger Capital Management SA.
This liquidation follows the placement of the company Obsieger Capital Management SA under the suspension of payment dated 27 June 2017.
Obsieger Capital Management SA is an investment firm within the meaning of Article 1 paragraph 9bis of the Law of 5 April 1993 relating to the financial sector and is authorised to act as investment adviser, broker in financial instruments, commission agent and asset manager under sections 24, 24-1, 24-2 and 24-3 of that Act.
By the same judgment, Laurent Fisch, a lawyer at the court, was appointed as liquidator. Mrs Nadine Walch, Vice-President of the District Court in Luxembourg, was appointed as a commissioner.
Pursuant to section 129 (7) of the above-mentioned Act, the judgment determined the method of liquidation of the institution.
