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Keystone Law advised on a shedload of Bedford Row bonds including $150mm of NQ bonds.
Alper Deniz a close associate of Scott Levy
https://www.keystonelaw.com/lawyers/alper-deniz
Note that as underwriters counsel, Keystone drafts the covenants and voting / consent mechanisms to restructure the bonds.
Guess who is CEO of the Trustee acting for all of the bondholders?
https://find-and-update.company-information.service.gov.uk/officers/_Yssms0CSi-b9BOsKHJKOH6up1Q/appointments
So the lawyer drafting the consent covenants is also the trustee controlling the vote.
If bondholders are looking for remedies, they have one more avenue now - informing the law society ASAP and seeking damages against Keystone. Keystone had multiple lawyers involved with this client.
Who is the law society? Regulators ? UK Police is not like the FBI which can help to investigate this sort of case.
I think it will be challenging to go head to head with armies of lawyers, but we must report them too, as they are the mastermind behind all this scam !!!
Many of us didn't know anything about voting since the beginning, and based on the information from Audley Funding, it is the responsibility of the Avenir Registars Limited as bond registrar to pass this information to bondholders. So I say, Avenir as a licensed firm by FCA has to be reported too!
Thanks for this info BillClinton. You have done quite some digging and it seems very valuable. So what do you suggest we noteholders do about it? Got any advise?
Madmaxx3000 - good idea writing FCA about Avenir. I've been writing them and others about them and Truva Trustees who I also believe are FCA regulated.
BillClinton, just looking at Keystone, indeed it looks as if Alper Deniz is a partner. However, they seem to have a lot of lawyers on the staff - a very large firm. I am afraid they will say Mr Deniz was not part of the drafting of the covenants and consent mechanisms. That he now serves on Truva as a appointed nominee. Could the claim they have ring fenced all this within their firm. I am afraid they will likely do so and if so, very difficult to prove otherwise.
Having said that, it stinks to high heaven. But if that were a crime the entire City of London would be in the box.