Law firm: Harlequin can be saved...but it may take five years

At a meeting of investors in London on Wednesday, Regulatory Legal partner Gareth Fatchett, who is acting for hundreds of Harlequin investors who have poured £400m into the scheme only for the construction of the promised hotels to have stopped, said there was no quick fix to the company's liquidity problems. "If we can turn it around, we're looking at three to five years [before investors get a return]", Fatchett (pictured) said. More immediately, investors were told that Harlequin faces liquidation - which will see them as unsecured creditors put to the bottom of the list for any pa...