Regulators have applied to the High Court of Antigua to remove Edward St. Clair Smith as Receiver of American International Bank and change the bank's status from receivership to liquidation. St. Clair-Smith is opposing the action on the grounds that the bank can still be sold as a going concern and that there is a reputable Caribbean company interested in buying it, said a source.
Antigua & Barbuda Articles Banks & Trusts Dominica Featured Fraud Liquidations & InsolvenciesMay 31, 2001
Application to liquidate American International Bank
21 years ago