News
Advertisement of intended dividend
Stanford International Bank Limited – in Liquidation Notice is hereby given that the Joint Liquidators intend to declare a first dividend to unsecured creditors within a period of 4 months from the last date of proving. Creditors who have not proved their debts must do [...]
Joint Liquidators Finalizing Claims Process to Make Distribution to Creditor-Victims
Distribution in the 1% range to be completed before year-end Antigua, September 3, 2013 – Joint Liquidators Marcus Wide and Hugh Dickson of Grant Thornton have funds to distribute and plan to do so by year’s end. The Liquidators are processing the large number of [...]
Provisional Liquidators to Stanford Development Company (“SDC”) Explain Provisional Liquidation Process
Antigua, May 15, 2013 - Marcus Wide of Grant Thornton (British Virgin Islands) Limited and Hordley Forbes of Forbes and Associates (Antigua) were appointed as Provisional Liquidators of SDC. Within that role, they have taken over the company and are duty-bound to preserve its assets. [...]
Provisional Liquidators Vow to Make Immediate Payment of Past Due Wages to Stanford Development Company (“SDC”) Employees
Marcus Wide of Grant Thornton (British Virgin Islands) Limited and Hordley Forbes of Forbes and Associates (Antigua) began to gain control of the assets of SDC on April 17, 2013. Today they have been able to access the payroll records so they can arrange payments [...]
Provisional Liquidators Vow to Make Immediate Payment of Past Due Wages to Stanford Development Company (“SDC”) Employees
Antigua, April 19, 2013 - Marcus Wide of Grant Thornton (British Virgin Islands) Limited and Hordley Forbes of Forbes and Associates (Antigua) began to gain control of the assets of SDC on April 17, 2013. Today they have been able to access the payroll records [...]
New Provisional Liquidators Appointed to Stanford Development Company (“SDC”)
Marcus Wide of Grant Thornton (British Virgin Islands) Limited and Hordley Forbes of Forbes and Associates (Antigua) were appointed as the new Joint Provisional Liquidators of SDC by The Eastern Caribbean Supreme Court, High Court of Justice, Antigua and Barbuda as of April 17, 2013. [...]
Antiguan Court Hearing Scheduled for April 8th on the Approval of the Joint Settlement Agreement and Cross-Border Protocol for Stanford International Bank
A Potential Distribution of Assets in Close Proximity Antigua, March 22, 2013 - Earlier this week, the Antiguan Court scheduled the hearing of an Application of the Joint Liquidators to Approve the Settlement Agreement with the Receiver, the US Department of Justice, and others. The hearing will [...]
SIB Liquidators, U.S. Stanford Receiver, Examiner, Official Stanford Investors Committee, DOJ, and SEC Sign Settlement Agreement and Cross-Border Protocol
DALLAS, TX, March 12, 2013 The Joint Liquidators (JLs) Marcus Wide and Hugh Dickson of the Stanford International Bank, Ltd. (SIB) and the U.S. Receiver for Stanford Financial Group and all related entities (Receiver), announced today that they have entered into a Settlement Agreement and Cross-Border Protocol (Settlement Agreement) [...]
Joint Settlement Statement – 12/05/2012
Joint Statement of the U.S. Receiver (Ralph Janvey), the Joint Liquidators (Marcus Wide and Hugh Dickson), and the U.S. Examiner (John Little) Agreement reached in principle After extensive negotiations, and with the input of United States DOJ and SEC representatives, the U.S. Receiver (Ralph Janvey), [...]
Joint Liquidators proposal to the US Department of Justice – May 4, 2012
On Friday, May 4, 2012, the Joint Liquidators (“JLs”) of Stanford International Bank Limited (SIB) made a serious proposal to the US Department of Justice (“DOJ”) to resolve the ongoing argument over priority, in the interest of saving costs and to accelerate an orderly distribution [...]
