Extract of the decision in respect of Bank of Credit and Commerce International S.A., abbreviated to BCCI S.A. — In Liquidation (Société Anonyme in Liquidation) in accordance with Directive 2001/24/EC of the European Parliament and of the Council on the reorganisation and winding up of credit institutions
Date: 2009-12-17
Institutions: European Commission
Subjects: Luxembourg, branch, credit institution, liquidation








C_2009307EN.01002801.xml










17.12.2009   


EN


Official Journal of the European Union


C 307/28





Extract of the decision in respect of Bank of Credit and Commerce International S.A., abbreviated to BCCI S.A. — In Liquidation (Société Anonyme in Liquidation) in accordance with Directive 2001/24/EC of the European Parliament and of the Council on the reorganisation and winding up of credit institutions
2009/C 307/09
By judgment of 11 November 2009, the District Court of Luxembourg, second commercial division, supplemented and amended the judgment to place in liquidation the Bank of Credit and Commerce International S.A. (head office: 2a, Kalchesbruck, 1852 Luxembourg, LUXEMBOURG R.C.S. Luxembourg B 10.370) as follows:






 


When, at the end of the liquidation proceedings, the liquidators intend to fix definitively the liquidation liabilities, they will publish a notice, in national and international newspapers to be determined by a judgment, calling on all creditors of BCCI S.A. in liquidation on the date of opening of the liquidation proceedings who have not filed a declaration of their claims or whose claims have been neither accepted nor rejected, to assert their rights by registered letter so that their declaration is received by the liquidators within 60 days of the date of the last publication in respect of the time limit, failing which they will not participate in the proceeds of the liquidation and be time-barred from exercising all rights in the liquidation.










 


The body of creditors, as well as creditors disputing the distribution of proceeds ordered, are invited to contact the liquidators at the earliest opportunity in order to assert their rights before completion of the liquidation.










 


To prevent any unnecessary delay between the time limit and the start of the closure of liquidation proceedings, the liquidators will submit to the judge, in quick succession, but at least once every three months, a progress report on the recovery of assets.










 


If it appears that the recovery of assets will take longer than one year from the time limit for the declaration of claims, the liquidators will distribute a new interim dividend in relation to the assets available at that date.




An extract of this judgment will be published in the following newspapers: Luxemburger Wort, Tageblatt, Financial Times, International Herald Tribune, Le Monde, Frankfurter Allgemeine Zeitung and Neue Zürcher Zeitung, as well as in the Official Journal of the European Union and in two national newspapers of each country with a branch of BCCI S.A.
The interim execution of this judgment will be given, notwithstanding appeal and without security.


Jacques DELVAUX

Yvette HAMILIUS


Court-appointed liquidators of BCCI S.A.