Following the Court hearing of 19 February 2009, the Joint
Liquidators Provisionally continue to work with the Isle of Man
Treasury in helping develop its proposed Scheme of Arrangement.
The Joint Liquidators Provisionally continue to protect the
assets of the Bank and are engaged in the realisation of those
assets for the benefit of creditors. There is no further news
regarding the realisation of assets at this time.
Telephone conference dial in
Following a conference call with the Depositors Action Group
which took place on Monday 23 February 2009 (and can be accessed on
this website here) I have set up a sixth conference
call which will take place on Monday 9 March 2009 4pm GMT.
I am making the access details generally available to
depositors. If you wish to listen to the call, you will need to
register in advance. Please click the link to register.
Participation will be on a listen only basis. The facility is
provided by a third party and accordingly there is a cost per head
for usage. Should any party register and then not attend the
liquidation will be charged.
The number of lines is limited and I would request that only
those depositors who are able to make the call register
as we will make the audio recording of the call
available on the website for those of you who are
unable to attend. Should depositors choose this route to listen, it
will significantly reduce the costs. The audio recording from the
previous calls are available on the KSFIOM
Isle of Man Treasury
As requested by various creditors, please find further
information in relation to the Early Payment Scheme being operated
by the Isle of Man Treasury by accessing the website at www.gov.im then click "Banking
Any queries relating to the Early Payment Scheme should be
directed to the Isle of Man Treasury. A dedicated helpline has been
set up on +44(0)1624 685 858 and email queries should be sent
As previously, the best way to make contact is to write to the
bank or to email email@example.com. If you need to
telephone the bank, please use the main switchboard number +44 1624
Joint Liquidator Provisionally