Landmark Caribbean ruling finds unfair prejudice action cannot be brought post-liquidation

Landmark Caribbean ruling finds unfair prejudice action cannot be brought post-liquidation

The Eastern Caribbean Supreme Court has interpreted Antigua and Barbuda unfair prejudices legislation for the first time, finding that it cannot be used after an entity has been wound-up, and dismissing an application by liquidators of Stanford International Bank (SIB) seeking to retrieve payments made to depositors shortly before its collapse.

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