Kingate Management Ltd, the Bermuda company linked to the fallout from the Bernie Madoff fraud, is set to be dissolved after more than a decade in liquidation.

In a legal notice published this week, the Official Receiver and provisional liquidator, Kenneth Joaquin, said he was satisfied that the company’s realisable assets were not enough to cover the expenses of the winding up and that its affairs did not require further investigation. Creditors and shareholders have 28 days to object before an application is made to the Registrar of Companies for dissolution.

The move marks an end to one of Bermuda’s most high-profile investment fund collapses.

Kingate managed feeder funds that invested heavily with Madoff before his arrest in December 2008. Kingate funds channelled an estimated $1.7 billion into Madoff’s operation, exposing Bermuda to the global scandal.

In the years that followed, the case generated extensive litigation in Bermuda and overseas. In 2012, the Supreme Court issued a ruling that opened the way for liquidators to pursue claims to recover management fees paid to Kingate.

Related court battles involving service providers and auditors continued for years, including a 2014 report on ongoing litigation with PwC.

The latest notice suggests that recovery efforts have now run their course. If no objections are raised, the Registrar will dissolve the company three months after receiving the application.