Offshore banking Archives - Bank Liquidation

No Recognition in the Bahamas for Cayman Island Bank Liquidators

April 15, 2016 10:18 am

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15 April 2016 – The liquidators of Caledonian Bank in the Cayman Islands requested the Bahamian court for the recognition of their position. They requested the court’s endorsement to represent Caledonian Bank in the Bahamas, as well as to acknowledge the Cayman proceedings as foreign procedures under Section 253 of the Bahamian Companies Winding-up Amendment

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Lucayas Bank Bahamas stops trading and placed under administration

Bank failure Offshore banking

November 25, 2021 11:33 am

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25 November 2021 – Lucayas Bank Bahamas Stops Trading and Placed Under Administration: The Central Bank of the Bahamas placed Nassau based Lucayas Bank under statutory administration on the 27th of October 2021. The special administrator initially resumed control over the banks management and operations to ensure financial stability and maintain confidence in the system.

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