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ARC Capital Holdings (ARCH)

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Thursday 24 September, 2015

ARC Capital Holdings

Orient Home Independent Legal Review

RNS Number : 0966A
ARC Capital Holdings Limited
24 September 2015
 



24 September 2015

 

For Immediate Release

ARC Capital Holdings Limited

Orient Home Independent Legal Review

 

 

On 22 April 2015, the board of directors of ARC Capital Holdings Limited ("ARCH" or the "Company") (the "Board") announced that it had appointed Baker & McKenzie LLP ("Baker & McKenzie") to undertake an independent review of ARCH's claim in the English High Court against the Company's former investment manager, ARC Capital Partners Limited, concerning ARCH's investment in Orient Home, and to provide an opinion on the reasonableness of pursuing such claim.

 

The Board today announces that, following the completion of Baker & McKenzie's review and in light of their advice, it has resolved to continue to pursue its claim against the Company's former investment manager. The Company's legal advisers on this matter, Stephenson Harwood LLP shall therefore continue to pursue the claim in the English High Court.

 

It should be noted that nothing herein is, or is intended to be, a waiver of legal professional privilege.

 

Enquiries

 

For further information, please contact:

 

ARC Capital Holdings Limited
Alpay Ece / Sean Hurst                                                                                                                      

Tel: +44 (0)20 7845 5950

 

Edmond de Rothschild Securities (UK) Limited
William Marle                                                                                                      

Tel: +44 (0)20 7845 5950

John Armstrong-Denby                                                                                                     

Tel: +44 (0)20 7845 5950

Hiroshi Funaki                                                                                                     

Tel: +44 (0)20 7845 5960



 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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