Judge urged to place GWD Forestry into liquidation

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Judge urged to place GWD Forestry into liquidation
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Mr Justice Siobhán Stack said she would deliver a ruling next Wednesday

A judge has been urged to place a forestry firm which allegedly perpetuated “clear fraud” into liquidation because of the complexity anticipated in the winding-up process.

GWD Forestry Limited, which raised around €30 million from investors for plantations in Brazil and Canada, is facing a petition to be wound up by a creditor who alleges the company was a “scam” which perpetuated “clear fraud”.

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