Hi Mark, I'm in with 5K EURSomeone on this board actually have money stuck with Loyal Bank? An update on this would be highly appreciated. I contacted liquidators, but no reply ... of course
I contacted the FSA SVG and they directed me to the liquidators. Then I emailed the liquidators and they replied as follows:
Thank you for your correspondence.
By an order dated 24 August 2018, the High Court of Justice of Saint Vincent and the Grenadines has appointed Mr. lkins Clarke and Ms. Joan "Betty" Brathwaite of Deloitte, The Goddard Building, Haggatt Hall, St Michael, Barbados as Joint Liquidators of the Company (the “Liquidators”) pursuant to the International Business Companies Act Chapter 149 of the Revised Laws of Saint Vincent and the Grenadines 2009 (hereinafter referred to as "the Act"),
The Joint Liquidators have assumed control of the affairs of the Company and are responsible for assessing the financial position of the Company and reporting their findings to the Court within 30 days of the date of the appointment.
Upon completion of this assessment, we will be in a better position to determine amounts owed and review possible distribution plans. Due to the complex nature of Loyal Bank’s operations, including its significant cross border holdings, it is difficult to estimate timelines at this point.
We ask for your patience as we undertake this effort. If you have any urgent inquiries, please direct them to [email protected].
Thanking you in advance for your cooperation in this matter.