Home » Cases » CARLOS ANTONIO PARADA ABATE AS LIQUIDATOR OF ALBERTO SAMUEL CHANG RAJII, 13/9/2017

CARLOS ANTONIO PARADA ABATE AS LIQUIDATOR OF ALBERTO SAMUEL CHANG RAJII, 13/9/2017

PCB acted for Mr Parada in relation to his Chilean appointments as liquidator over the so-called ‘Chilean Madoff’, Alberto Samuel Chang Rajii and Onix Capital S.A.. This follows an alleged substantial fraud committed by Mr Chang for in excess of US$100m, which is believed to be Chile’s largest Ponzi scheme. In September 2017, PCB successfully applied on an ex parte basis for an urgent order recognising Mr Parada’s appointment pursuant to the Cross-Border Insolvency Regulations 2006 (believed to be the first ever such recognition from Chile for a Chilean individual) and granting him various associated interim relief.