28 JUNE 2017

Interest

I can confirm that Deemster Corlett has handed down his decision in respect of the calculation of interest. A copy of the signed judgment is attached below. It has been determined that interest should be calculated using the insolvency rules, rather than contractual rates, for the whole period from 9th October 2008 until the date of distribution and then divided pro rata amongst the unsecured creditors.

PDF Judgment of Deemster Corlett

Contacts

The best way to make contact is to write to the bank at PO Box 197, Third Floor, Sixty Circular Road, Douglas, Isle of Man, IM99 1SN, or email ksf@iom.pwc.com . If you need to telephone the bank, please use the number +44 1624 699222. All other numbers in previous use are now switched off or auto-forward to +44 1624 699222. Please be aware that all telephone calls are recorded for security purposes.


Mike Simpson
Liquidator