5th Circuit Bar Order Appeal Decision
5th Circuit Bar Order Appeal Decision
Fifth Circuit Court of Appeals Decision Regarding US Bar Order
In a decision dated 9 August 2024, the Fifth Circuit ruled that the US District Court for the Northern District of Texas did not have the requisite personal jurisdiction to bind the Antiguan Joint Liquidators with its Bar Order, thereby rendering the US Bar Order inapplicable to the Joint Liquidators.
Société Générale Private Banking (Suisse) SA (Soc Gen) subsequently filed a petition seeking a re-hearing of this matter from the Fifth Circuit and that petition was denied. As a result, the US Bar Order does not apply to the Joint Liquidators and Soc Gen cannot use this to delay proceedings in Switzerland.
See below link to the decision of the Fifth Circuit.
Other Articles
Notice of Appointment of Kevin Hellard as Joint Liquidator of the Company
See attached Court Order dated 17 November 2023.
Notice of Resignation of Hugh Dickson as Joint Liquidator of the Company
To the Creditors, Stanford International Bank Limited – in Liquidation (the Company) Notice of Resignation of Hugh Dickson as Joint Liquidator of the Company I write to notify the creditors of the Company that as of 31 December 2023, Hugh Dickson intends to retire from [...]
