Notice of Appointment of Liquidators: Loyal Bank ("In Liquidation")

By Court order dated 24 August 2018 of the High Court of Justice of Saint Vincent and the Grenadines, under the provisions of the International Business Companies Act Chapter 149 of the Revised Laws of Saint Vincent and the Grenadines 2009 (hereinafter referred to as "the Order"), Mr. lkins Clarke and Ms. Joan "Betty" Brathwaite, both of Deloitte & Touche, located in The Goddard Building, Haggatt Hall, St Michael, Barbados, were appointed as Joint Liquidators of Loyal Bank Limited (the "Bank").

Additionally, in accordance with the terms of the Order, Mr. Raymond Haynes, Mr. Darren Reeds and Ms. Tiphaney Russel, have been duly appointed as agents of the Joint Liquidators with full authority to act on behalf of the Joint Liquidators. As agents, they are also empowered to take full action and control of Loyal Bank Limited and its assets and properties, including its known subsidiaries.

As a result of the aforementioned, Ikins Clarke and Betty Brathwaite and their agents are the only individuals authorized to represent the Bank or conduct business on the Bank's behalf and are duly authorized to liaise with all stakeholders regarding this matter.

The Joint Liquidators will be taking steps to realise the Bank's assets and assess its liabilities. Updates and notices on this process will be posted on the Bank's website or will be sent in secure communication to the Bank's stakeholders as required. Please be mindful of any unsolicited emails or calls.

Date Please click below to access document(s)
26 June 2019 Status Update to Creditors
20 September 2018 Liquidation Court Order
15 November 2018 Notice to Depositors
15 November 2018 Notice to Creditors
15 November 2018 Liquidation Frequently Asked Questions (FAQs)
15 November 2018 Proof of Debt Form
14 February 2019 Liquidation FAQs
14 February 2019 Advisory Notice to all Depositors

Stakeholder queries can be directed to:

Ikins D. Clarke Betty Brathwaite
Joint Liquidator Joint Liquidator
For and on behalf of For and on behalf of
Loyal Bank Limited ("In Liquidation") Loyal Bank Limited ("In Liquidation")