Harlequin in 'advanced' restructuring talks with investors

Troubled overseas property company Harlequin is in "advanced discussions" with investors over its further funding and a company restructure, according to a law firm involved in the talks.

Earlier this month, IFAonline revealed Harlequin, which is at the centre of a Serious Fraud Office investigation, is owed £86m by its overseas development arms and related businesses. It has already put its UK-based sales arm into administration, a move it said was necessary because the day-to-day running of that business had become "increasingly challenging, to the point that it is now almost impossible". According to law firm Regulatory Legal, which acts on behalf of some investors in Harlequin and set up the Harlequin Investor Group,  the overseas property firm has been "working wi...