Linda Stromberg

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Jurisdictions

Allegations

Debt recovery firm continues to fight for assets

One arm of an asset recovery group that is registered in Bermuda and Ireland has gone into liquidation as a defensive measure in a bitter legal battle in North America for control of the assets of a convicted criminal. Interclaim Recovery Ltd., of Ireland, applied for voluntary liquidation on November 7, 2001 after a Canadian judge ordered it to pay CDN$2.2 million (US$1.37 million) in legal costs to the crook, Blair Down, and his associates.