The court has issued a garnishee order against American entrepreneur and author Julie Meyer following a claim for over €59,600 by Naxxar firm that does website design and development.
Ms Meyer, who resides in London, is the founder and CEO of Ariadne Capital, a venture capital firm, and the founder of EntrepreneurCountry.
An employee of Ariadne Capital has also filed an application in court claiming he was owed three months wages and an event company served her with a legal letter seeking €7,500 due for an activity held in July.
On November 7, 2017, Ariadne Capital’s address on the British company register was changed from one in Trafalgar Square, London to a PO Box number. The premises, in Cockspur Street, are up for sale by a British real estate agent for £25 million.
The company has a capital of £591,889, with Ms Meyer holding significant control, owning between 50-75 per cent of the shares, according to the register. The various companies she is involved with have assets of over £3 million, according to borough records.
Ms Meyer first visited Malta in 2000 for a conference but really got involved with the country in February last year, when she was asked by Finance Malta to speak at their annual conference in May that year. She soon started networking and bringing leading investors from her UK circle to Malta.
The 51-year-old also bought Portcullis, an asset management company, which was licensed by the Malta Financial Services Authority and had only just started operating, for about €30,000, according to sources familiar with the company.
Using the Westin Dragonara Resort as her base, she eventually organised her regular ‘Follow the Entrepreneurship’ conference there from July 3 to 11, writing in the Times of Malta on July 23:
“In order to raise the €1 billion AUM (assets under management) that our investment platform is targeting, I decided to host the ‘Follow the Entrepreneur Investor Summit’ in Malta so that large asset allocators such as pension funds, sovereign wealth funds, large family offices, HNWIs and corporate investors could see the benefits of Malta.”
Ariadne Capital’s companies are licensed by the MFSA as alternative investment fund managers, to passport those services outside Malta, as an investment service and for notified alternative investment funds.
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