US: Shariah compliant HDG Mansur has opposed requests made by KFH Capital Investment Co and Kuwait Finance House Real Estate Co to appoint a Chapter 11 trustee or convert the case to a liquidation in Chapter 11 as HDG Mansur confirms that significant progress towards a global settlement of claims has been made.
HDGM Advisory Services and HDG Mansur Investment Services, which filed for Chapter 11 protection on the 21st May, filed court papers opposing the request on the 11th September.