Welcome on Herald (Lux) SICAV liquidation website

This website aims at informing the public with respect to the liquidation process and at communicating general information. Even if the liquidators pay careful attention to the quality of published information, they can neither guarantee expressly, nor implicitly that available information is accurate, current and complete.

On March 17th, 2010, the Court appointed liquidators of Herald (Lux) Sicav have filed a lawsuit at the Luxembourg District Court against the different parties that have intervened during the life-time of Herald (Lux) Sicav. The purpose of the lawsuit is to recover the assets of the Sicav, in the interest of the shareholders and the investors in the fund.

In February 2011, the liquidators started discussions with the legal representatives of the US Trustee following the lawsuit filed by the Trustee against the HSBC and the Feeder Funds in December 2010.

On May 16th, 2011, and as announced during the April 1st, 2011 shareholders' meeting, the liquidators have issued a letter to the registered shareholders in the context of the discovery proceedings requested by the US Trustee.

On July 8th, 2011, the Luxembourg District Court rendered a first judgement in the Herald (Lux) case. A copy of the judgement is here.

On January 20th, 2012, the liquidators have convened the annual shareholders' meeting to present the financial situation as of 31 December 2010 and the agreement reached following their discussions with the US Trustee.

At the same time, the liquidators issued a statement to the shareholders and investors of Herald (Lux). A copy of the statement is here.

On March 2nd, 2012, the Luxembourg District Court, second Chamber rendered its verdict on ongoing proceedings which is published hereunder.

Herald (Lux) in liquidation and the liquidators do not accept any responsibility or liability for potential damages that would result in parties' decisions or actions based on the information available on this website.