The Joint Liquidators Announce First Distribution
The Joint Liquidators Announce First Distribution
Antigua, January 20, 2014 – After receiving a number of proposals Joint Liquidators Marcus Wide and Hugh Dickson of Grant Thornton have entered into an agreement with ItalBank International of Puerto Rico, to act as distribution agents for dividend payments to Stanford International Bank creditors.
Creditors may choose either wire transfer or USD cheque. Forms for making that choice will be available shortly on the Joint Liquidators website for submission to ItalBank, and the bank will also be making direct contact with creditors to confirm details for transfers. ItalBank is offering new accounts to creditors as an economical and reliable option for receiving your distribution.
The first distribution will be 1%.
Any creditor who withdrew a substantial sum from SIB after 21 August 2008 during the run on Stanford International Bank may not be included in the first distribution. A separate notification from the Joint Liquidators explaining the legal background to this will be sent to the affected creditors. Also FAQs on this issue will be posted on the Joint Liquidators’ official website at www.sibliquidation.com.
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