Halcyon loan notes guaranteed by SAS Halcyon Retreat: how to claim against the guarantor in the French liquidation
Many of the largest Halcyon investments were not apartments or fractions. They were loan notes: investors lent money to British special purpose vehicles, the HR Note SPV companies, formed between 2018 and 2022 (Insolvency & Law, timeline published on 15 May 2026). The notes promised fixed interest and repayment at maturity. Some of them carry …