GT Capital Partners thrown into provisional liquidation

Litigation funder GT Capital Partners has been thrown into provisional liquidation, as the Supreme Court of Western Australia grapples with claims by Mace Angiolino Raymond Turco, one of the funder’s directors, that the funder is unable to meet its funding obligations as a direct consequence of Colin James Graham, the fund’s other director, having transferred in excess of $844,100 out of the funder’s bank account. The Court decision can be accessed on Austlii.