Articles Banks & Trusts Cayman Islands Liquidations & Insolvencies Money LaunderingJune 30, 2002

Euro Bank liquidators pay first dividend

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22 years ago

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Banks & Trusts Cayman Islands Liquidations & Insolvencies Money Laundering

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Brian Leslie Peter Cunha Deloitte Euro Bank Corporation Gretchen Buck Ian Wight
Ivan Richard Wykeham Burges Judith Mary Donegan Kenneth Taves Liquidations & Insolvencies Martin Dugan Matthew Reid Melvin Edwin Taves Michael Pilling Raymond Creed
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The liquidators of Euro Bank Corporation have paid a first dividend totaling US$70 million to creditors, representing 80 cents on the dollar to recognized claimants.Liquidators Michael Pilling and Ian Wight, of Deloitte & Touche, told creditors in a letter dated May 13, 2002 to expect a final return of at least 100 per cent of their respective claims.