Extract from the Decision concerning Bank of Credit and Commerce International pursuant to Directive 2001/24/EC of the European Parliament and of the Council on the reorganisation and winding-up of credit institutions
Date: 2010-01-20
Institutions: European Commission
Subjects: Cayman Islands, England, Luxembourg, United Arab Emirates, credit institution, financial institution, liquidation








C_2010013EN.01003401.xml










20.1.2010   


EN


Official Journal of the European Union


C 13/34





Extract from the Decision concerning Bank of Credit and Commerce International pursuant to Directive 2001/24/EC of the European Parliament and of the Council on the reorganisation and winding-up of credit institutions
2010/C 13/10
Bank of Credit and Commerce International Holdings (Luxembourg) SA
Bank of Credit and Commerce International SA
Bank of Credit and Commerce International (Overseas) Ltd.
Credit and Finance Corporation Ltd.
International Credit and Investment Company (Overseas) Ltd.

BCCI LIQUIDATIONS


Bar date for claims

Formal steps have been taken in the liquidations of the BCCI/ICIC/CFC companies referred to above (the ‘BCCI Liquidations’) in the Cayman Islands, Luxembourg, United Kingdom, and the United Arab Emirates, (all of which are parties to the 10 November 1994 Pooling Agreement governing the co-ordinated worldwide winding-up of the BCCI group) to fix a last date for claims.

Last date for claims — 31 March 2010

The last date by which creditors must file their claims in order to receive dividends from any of the BCCI Liquidations has been formally set at 31 March 2010. Creditors who do not file their claims by this date will be excluded from the right to receive all dividends already declared as well as from all future dividends. If you do wish to file a claim, you should contact the Liquidators as soon as possible using the relevant details set out at the end of this notice. You will then receive a Proof of Debt form which should be returned with all evidence to support the claim, so that it is received by the Liquidators by no later than 31 March 2010.
Claims being filed directly in the BCCI Liquidations in Luxembourg or the United Arab Emirates must be sent by registered post. It is recommended that claims being filed directly in the BCCI Liquidations in the Cayman Islands and United Kingdom also be filed by registered post if possible so that their receipt by this deadline can be verified.

Filed claims

If you have filed a claim and it has not yet been either admitted (in whole or in part) or formally rejected (in whole or in part) by the Liquidators then you should contact the Liquidators as soon as possible using the relevant details set out at the end of this notice. If you are such a creditor in the Luxembourg Liquidations, you must file a new claim by registered letter in that respect with the Luxembourg Liquidators before 31 March 2010 otherwise you will be excluded from the right to make any such claim.
If you have filed a claim and you consider you have not received the entire benefit of the seven dividends to which you are entitled (currently totalling 86,5 % for ordinary claims), then you should contact the Liquidators as soon as possible using the relevant details set out at the end of this notice.
All creditors are reminded that they are required to file separate Proof of Debt forms for each individual account held as well as separate forms for every other separate claim. Failure to do so will mean that a particular claim has not been filed and may not qualify for dividends.
Depositors who received payments from deposit compensation schemes, may now be entitled to a distribution from one of the BCCI Liquidations. You should contact the relevant Liquidators.

LIQUIDATION EXPENSES/SERVICES TO BCCI LIQUIDATIONS

Any party who has supplied services to the BCCI Liquidations or who otherwise has a claim for payment as an expense of any of these Liquidations, and who has not yet been paid, should contact the relevant Liquidators immediately using the details set out at the end of this notice.

FUTURE CONDUCT OF THE LIQUIDATIONS

The Liquidators are continuing to pursue various recoveries and will not proceed to final closure until these recovery actions have been concluded.





Bank of Credit and Commerce International Holdings (Luxembourg) SA




Bank of Credit and Commerce International SA — Luxembourg




BCCI SA (In Liquidation)




2a, Kalchesbruck




1852 Luxembourg




LUXEMBOURG




Tel. +352 4364-641




Fax +352 4266-61









Bank of Credit and Commerce International SA — England/Isle of Man/Scotland




BCCI SA (In Liquidation)




Athene Place, 5th Floor




66 Shoe Lane




London




EC4A 3BQ




UNITED KINGDOM




Tel. +44 2070070800




Fax +44 2070070799




E-mail: ukbcci@deloitte.co.uk









Bank of Credit and Commerce International SA — United Arab Emirates




Liquidation Administration of UAE Branches of BCCI (SA) Luxembourg




PO Box 2255




Abu Dhabi




UNITED ARAB EMIRATES (UAE)




Tel. +971 26663204 / 26650600




Fax +971 26658254









Bank of Credit and Commerce International (Overseas) Ltd.




Credit and Finance Corporation Ltd.




International Credit and Investment Company (Overseas) Ltd.




BCCI (Overseas) Ltd (In Liquidation)




PO Box 1359




Grand Cayman, Cayman Islands




KY1–1108




CAYMAN ISLANDS




Tel. +1345 9494722




Fax +1345 9498258