So in effect he is a liquidator with no power to liquidate. An appeal would send the case to the Bahamian appeals court. I don t know. I assume that would depend on whether or not the judge would allow the commencement of asset distribution. The powers given to the governor of the central bank under the newly passed act are unconstitutional because they deny a financial institution due process.
All subsequent actions are illegal and void.
The governor violated a court injunction by suspending SSBT license. However, my answer is yes. All clients wishing to withdraw funds will be honored. Shareholder equity combined with retained earnings stood at over 6 million dollars before all this. So yes, all clients should receive their deposits.