Prince Group Liquidators Say Chinese Victims May Eventually File Claims

Joint provisional liquidators for 30 British Virgin Islands entities linked to Prince Group founder Chen Zhi said a claims process has not yet been established, according to a Caixin report relayed by BlockBeats.

Future claims would depend on liquidation

The liquidators said that if liquidation proceedings begin and sufficient funds are available, they would establish a claims procedure, adjudicate claims and distribute assets under BVI insolvency law. The process is described as collective, so victims in any jurisdiction, including China, may be able to file claims in the future.

No filing deadline, case number, full entity list or official claims portal was provided. The report does not say that claims are open or that compensation is guaranteed. Read the English BlockBeats flash (original Chinese: BlockBeats flash).