Vantis: Update Relating to Recent Decision by The Court of Antigua re: Stanford International Bank Ltd - in Liquidation (SIB)
10 Junho 2010 - 11:59AM
Business Wire
The Joint Liquidators of SIB, Mr Nigel Hamilton-Smith and Mr
Peter Wastell, were appointed by the Financial Services Regulatory
Commission of Antigua and Barbuda as Joint Receivers, and
subsequently Joint Liquidators, of SIB on 19 February 2009.
Following a decision by the High Court of Antigua on Tuesday 8
June 2010, the Joint Liquidators wish to confirm that the Court has
decided that they should be removed from office and alternative
liquidators appointed. As at the date of this release, a written
judgment has not been handed down by the Antiguan Court.
The Joint Liquidators have been advised by their legal counsel
that the basis of the decision, which has as yet only been given
orally by the Judge, was incorrect and that it should be urgently
appealed to the Eastern Caribbean Court of Appeal.
Since their appointment, the Joint Liquidators have continued to
make significant progress in their efforts to recover monies on
behalf of the creditors and investors of SIB and, as recently as 7
June 2010, were recognised by the Swiss Financial Regulator as the
officers to whom control of the SIB assets in Switzerland,
totalling in excess of US$100 million, should pass.
Following extensive negotiations, the Government of Antigua
& Barbuda had also recently confirmed that the properties owned
by SIB, which the Government had made moves to compulsorily
purchase, would be released to the Joint Liquidators, as part of
their ongoing efforts to obtain the maximum return for
creditors.
In addition, a settlement agreement between the Joint
Liquidators and the United States Receiver was reached in late May
2010, which sought to bring to a conclusion the legal challenges
that have taken place between them in relation to the assets of SIB
that are located in Antigua, the United States, the United Kingdom
and Canada.
The Joint Liquidators wish to confirm that they will request a
stay in the High Court decision pending their appeal to the Eastern
Caribbean Court of Appeal to enable them to remain in office. The
Joint Liquidators remain focused on recovering the assets of SIB
for creditors. All SIB investors who have not yet registered their
claim on the Online Claims Management System should do so via the
website at https://stanford.vantisplc.com/, where their claims will
continue to be processed.
Vantis (LSE:VTS)
Gráfico Histórico do Ativo
De Nov 2024 até Dez 2024
Vantis (LSE:VTS)
Gráfico Histórico do Ativo
De Dez 2023 até Dez 2024