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Please note that The International Banking Corporation BSC(c) is now under administration pursuant to the Law of the Central Bank of Bahrain and Financial Institutions promulgated by Law No. (64) of 2006, Article 138 thereof in particular, and the Resolution of the Governor of the Central Bank of Bahrain No. (45) with respect to the appointment of an External Administrator for the administration of The International Banking Corporation BSC(c).
The external administrator is Trowers & Hamlins:
Please note that any views or opinions expressed in this website are those solely of the author(s) and do not necessarily represent those of The International Banking Corporation (in administration) ("the Bank") or the External Administrator (Trowers & Hamlins). |
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The External Administrator has been maintaining an online data facility through Imprima (the Imprima Site) in order to provide creditors of the Bank who have executed a non disclosure agreement in favour of the Bank with information in respect of the administration.
The External Administrator has reached the decision that continuing to maintain the Imprima Site is not a cost efficient method of disseminating information and therefore it is not in the best interest of the creditors of the Bank . Accordingly, the Imprima Site will be closed as of 10 May 2010.
Going forward, creditors of the Bank will be able to receive information and updates as to the progress of the administration through this website and further creditors' meetings. Certain categories of creditors of the Bank may also be granted access to the Debt Domain site maintained by Rabobank. Any creditor wishing to have access to the Debt Domain site should contact Buthaina Amin at bamin@trowers.com in the first instance. |
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| Click here to download the following press release MULTI-MILLION DOLLAR LITIGATION LAUNCHED IN BATTLE FOR THE ASSETS OF THE INTERNATIONAL BANKING CORPORATION BSC (In Administration) (TIBC) |
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| Click here to download the CHAPTER 15 DOCUMENTS |
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| Click here to download more documents on CHAPTER 15 DOCUMENTS |
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| Click here to download more documents on CHAPTER 15 Response to Deutsche Bank's opposition |
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| Click here to download CHAPTER 15 Initial Judgment on Motion to Vacate |
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| Click here to download " Notification dated 20 January 2011 issued by the External Administrator " |
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| Click here to download ' Transfers/Assignment of Debt ' |
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| Click here to download ' TIBC Files Statement of Claim to Extend the Administration' |
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"Any creditors seeking to transfer or have already transferred their claim, please refer to the Protocol.
The external administrator recognises that the transfer or trading of debt obligations is an active market and the external administrator has no desire to frustrate the proper transfer of claims against TIBC effected in good faith and in the order course of trading on normal market terms. Accordingly, a protocol has been developed to initiate a clear and unambiguous process by which the transfer of claims against TIBC may be registered with the external administrator, so as to maintain an accurate and up to date record of the creditors of TIBC and to permit (subject to execution of a Non-Disclosure Agreement) access to confidential information." |
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