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

By Dominic Lawson

06 October 2017

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.

Landmark Caribbean ruling finds unfair prejudice action cannot be brought post-liquidation English Harbour, Antigua (Credit: iStock.com/MichaelUtech )