Petroleum Pipe Group Limited (In Liquidation)
PPC Limited (In Official Liquidation)
Pipeline Supplies Bahrain WLL Limited (In Liquidation)
Petroleum Pipe Company Limited (In Administration)
Petrostem Group Limited (In Liquidation)
Petrostem (UK) Limited (In Administration)
Petrostem International Limited (In Liquidation)
Petrostem Rentals Limited (In Liquidation)
(together, “the Companies”)
On 28 August 2018:
KW Hutchison, CP Dempster and GD Yuill were appointed as Joint Voluntary Liquidators of PPC Limited. The appointment was made following the passing of a special resolution by PPC Limited’s shareholder, Petroleum Pipe Group Limited, in accordance with Cayman Islands Companies Law and the Companies Winding Up Rules 2018; and
CP Dempster, GD Yuill and SA Gardner were appointed as Joint Liquidators of Petroleum Pipe Group Limited, Pipeline Supplies Bahrain WLL Limited, Petrostem Group Limited, Petrostem International Limited and Petrostem Rentals Limited. The appointment was made by the Royal Court of Jersey pursuant to article 155 of the Jersey (Companies) Law 1991.
On 29 August 2018:
CP Dempster and GD Yuill were appointed as Joint Administrators of Petroleum Pipe Company Limited and Petrostem (UK) Limited. The appointment was made by the Directors under the provisions of paragraph 22(2) of Schedule B1 to the Insolvency Act 1986.
On 2 October 2018:
the Joint Voluntary Liquidators of PPC Limited made an application to the Court for an order that the liquidation continue under the supervision of the Court. Accordingly, on 3 October 2018, the Court ordered that the liquidation of the Company continue under the supervision of the Court and that the Joint Voluntary Liquidators be appointed as Joint Official Liquidators.
In June 2023:
Due to Colin Peter Dempster’s retiral from EY, Kris S Aspin of EY was appointed as a substitute office holder as Joint Liquidator, Joint Administrator and Joint Official Liquidator, as relevant, by the Royal Court of Jersey, High Court of Justice, and the Grand Court of the Cayman Islands on 9 June 2023, 19 June 2023 and 23 June 2023, respectively.
Important notice to creditors:
Neither the Joint Liquidators, Joint Voluntary Liquidators or Joint Administrators nor their staff will ever ask you for an upfront payment in return for payment of your debt. We will not ask you to provide your bank details over the telephone. Please be vigilant if you receive a letter or email purporting to be from us from an address that you do not recognise, or a telephone call asking you to pay money or provide bank or credit card information.
