Administrator says Caribbean regulator liable for “fleecing” of failed Anguillan bank in Chapter 11

Jack Barton and Richard Woolley

28 March 2017

Anguilla (Credit: iStock.com/daniloforcellini)

The administrator of a defunct Anguillan bank has brought new charges against its insolvent former parent and a Caribbean monetary authority in New York, taking note of an Anguillan court’s ruling from February denying the authority’s sovereign immunity.

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Jack Barton

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Richard Woolley