|Status of the File as of March 20, 2015 (ENG and ESP)|
|Status of the File as of May 21, 2014 (ENG and ESP)|
|Status of the File as of January 23, 2014 (ENG and ESP)|
|Status of the File as of April 19, 2013 (ENG and ESP)|
El siguiente video fue preparado con objeto de proporcionar a los depositantes de BIB una explicación de las acciones legales que actualmente se encuentran en proceso en Guatemala, en las cuales, el Custodio y su equipo legal en Guatemala, están coadyuvando con el Ministerio Público.
El video provee un sumario de los principales motivos que llevaron al Custodio a presentar acciones legales en Guatemala. Tal y como se reportó previamente ante la Alta Corte de Barbados, el Custodio está llevando a cabo estas acciones y otras acciones legales en Guatemala con objeto de recuperar los activos que han sido identificados a lo largo de nuestra investigación. Los activos están siendo recuperados en beneficio de todos los depositantes y acreedores debidamente acreditados, la mayoría de los cuales son guatemaltecos, y quienes actualmente están expuestos a sufrir un déficit significativo.
Para información adicional respecto a los puntos presentados en el video, por favor consulte los siguientes documentos, los cuales son representativos de la gran cantidad de evidencia disponible para el equipo del Custodio y el Ministerio Público:
Documentos Selectos por Tema:
1. Insolvencia de BIB
|Declaración jurada en apoyo a citación original del Banco Central de Barbados, presentado el 17 de noviembre de 2006|
2. Transacciones entre BIB, Vipasa International, y otras Entidades del "Grupo 2"
|Documento número 2928-2009 de la Superintendencia de Bancos de Guatemala, emitido con fecha 14 de julio de 2009|
|Memorándum AI-005-05 elaborado por la Auditoría Interna de Bancafé, con fecha 9 de agosto de 2005|
3. Conocimiento de los Reguladores Guatemaltecos (SIB), sobre las Inversiones con Partes Relacionadas
|Documento Número 2309-2003 de la Superintendencia de Bancos de Guatemala, emitido con fecha 9 de junio de 2003. Este documento muestra que el Regulador Guatemalteco (SIB), había identificado en el año 2003 la relación entre BIB y Vipasa International Investments, previo a la autorización de la constitución de la entidad supervisada, Bancafe Grupo Financiero del País .|
4. Relaciones entre BIB – Vipasa International – Refco
|Las notas de BIB a los Estados Financieros de los años 2001 y 2002 - Las Notas reflejan las inversiones efectuadas por BIB en Vipasa International.|
|Los Estados Financieros de BIB de los años 2003 y 2004. Los Estados Financieros no reflejan la Garantía Cruzada a favor de Refco.|
|Acuerdos en cuenta en REFCO|
|La Certificación Contable de BIB emitida el 25 de octubre de 2005|
|La estructura BIB/Vipasa International - Memorándum Interno, 15 de diciembre de 2005|
The following video was prepared in order to provide BIB depositors with an overview of the legal actions currently underway in Guatemala, in which the Custodian and its Guatemalan legal team are providing support to the Office of the Attorney General of Guatemala.
The video provides a summary of the primary causes that led the Custodian to file legal actions in Guatemala. As previously reported to the High Court of Barbados, the Custodian is pursuing legal these actions in Guatemala and other actions abroad to recover assets that have been identified during our investigation. Assets are being recovered for the benefit of all proven depositors and creditors, most of whom are Guatemalan, who presently stand to suffer a significant shortfall.
For additional information on the topics presented in the video, please see the following documents, which are representative of the vast body of evidence that is available to the Custodian's team, and to the Office of the Attorney General:
Selected Documents by Topic Area
1. BIB's Insolvency
|Affidavit in support of originating summons by the Central Bank of Barbados presented on November 17, 2006|
2. Transactions between BIB, Vipasa International, and other "Group 2" Entities
|Document number 2928-2009 of the Superintendence of Banks of Guatemala, issued on July 14, 2009|
|Memorandum AI-005-05 prepared by Bancafé Internal Audit, dated August 9, 2005|
3. Guatemalan Regulators' (SIB) Knowledge of Related Party Investments
|Document Number 2309-2003 of the Superintendent of Banks of Guatemala, issued on June 9, 2003. This document shows that Guatemalan Regulators (SIB) had identified the relationship between BIB and Vipasa International Investments in 2003, prior to authorizing the organization of the supervised entity, Bancafe Grupo Financiero del País .|
4. Relationships Between BIB - Vipasa International - Refco
|BIB's Notes to Financial Statements 2001 and 2002 - The Notes reflect BIB's investments in Vipasa International|
|BIB's Financial Statements 2003 and 2004 - The Statements do not reflect the Refco Cross-Guarantee|
|REFCO Account Agreements|
|BIB Accountant Certification issued on October 25, 2005|
|BIB/Vipasa International Structure - Interoffice Memorandum, December 15, 2005|
|Status of the File as of June 12, 2012 (ENG and ESP)|
Distribution 5 - Depositors may access the file below to determine their status in the first 5 Distribution payments. Simply search (Ctrl-F) for your account number to review the amount and status of each Distribution payment relating to your account. Please note that the 5th Distribution commenced today, June 12, 2012, however, depending on your method of payment, please allow 2-4 weeks for delivery.
|Payment Schedule to D5|
|Status of the File as of April 18, 2012 (ENG and unofficial ESP translation)|
|Status of the File as of February 9, 2012 (ENG and unofficial ESP translation)|
|Status of the File as of November 30, 2011 (ENG and unofficial ESP translation)|
Please see below for the custodians third report to the court. Also below please see orders of the court relating to a claims bar date approved and ordered by the court.
|Bancafe - High Court of Justice - No 2092 of 2006 - Third Report to the Court|
|Bancafe - High Court of Justice - Order - 2011-07-14|
|Bancafe - High Court of Justice - Affidavit - No 2092 of 2006|
|Status of the File as of October 7, 2010|
The Custodian is currently preparing to pay a Third Distribution to proven creditors in the estate of Bancafe International Bank.
The timing and amount of the distribution has not yet been finalised as a result of delays encountered in the recovery of certain bonds from the Bolsa de Valores Nacional de Guatemala, which we had expected would add to the value to be distributed. These delays have been the result of interference by certain creditors in an attempt to recover the bonds for their own benefit, to the exclusion of the general body of depositors. Upon resolution of the legal process that the creditor has initiated, the Custodian will be in a position to pay the Third Distribution.
In order to ensure that depositors are prepared to receive their payments once the process begins, we recommend that you advise the Custodian by email if you have changed your address or if there has been any change in status of your Banco Agromercantil account. We recommend that you check with BAM to ensure that your account is still active, or to open a USD account if you have not already.
All correspondence on these matters must be sent to firstname.lastname@example.org. We cannot guarantee that emails sent directly to individual PwC team members will be processed in time for the distribution.
Additional information will be posted here once it is available.
El Custodio actualmente se prepara para realizar una Tercera Distribución a depositantes acreditados de Bancafe International Bank Ltd..
El tiempo y el monto para la distribución aun no se ha determinado debido a atrasos que surgieron en la recuperación de ciertos bonos del tesoro en custodio de la Bolsa de Valores Nacional de Guatemala, los cuáles esperábamos que agregarían al valor al monto total a ser distribuído. Estos atrasos han sido resultado de la interferencia de ciertos depositantes de BIB que han intentado recuperar los bonos para su propio beneficio, en perjuicio de todos los demás depositantes. En cuánto se obtenga la resolución del proceso legal que el acreedor ha iniciado, el Custodio estará en posición de llevar a cabo el pago de la Tercera Distribución.
Para asegurar que los depositantes estén preparados para recibir sus pagos una vez el proceso comience, recomendamos que usted notifique al Custodio por medio de correo electrónico si usted ha cambiado su dirección o si ha habido algún cambio en su cuenta del Banco Agromercantil (BAM). Recomendamos que Usted verifique con BAM que su cuenta se encuentre activa, o aperture una cuenta de Dólares de los Estados Unidos de América si aún no la tiene.
Toda correspondencia referente estos asuntos se deberá enviar a email@example.com. No podemos garantizar que correos enviados directamente a miembros individuales del equipo PwC sean procesados en tiempo para la distribución.
Información adicional se publicará en este sitio una vez esté disponible.
|Status of the File as of March 23, 2010|
Please see below for a report to the Barbados Court, dated November 13, 2009.
|Status of the File as of November 12, 2009|
|Letter to Central Bank of Guatemala dated November 5, 2009|
|Carta al Banco Central de Guatemala, de fecha 5 de noviembre 2009|
|Status of the File as of July 16, 2009 — Estado del proceso al 16 de julio de 2009 (in English and Spanish)|
|BIB Claims Flowchart/Diagrama de Flujo de Reclamos BIB|
|General Summary July 16, 2009/Resumen General 16 de julio 2009|
|D1R5 Summary July 16, 2009|
|D2R1 Summary July 16, 2005|
|Status of the file as of June 10, 2009 (in English and Spanish)|
|D1R4 Summary June 10 2009|
|General Account Summary Jun 2009|
|Status of the file as of April 27, 2009. (in English)|
|Status of the file as of April 27, 2009. (in Spanish)|
|Status of the File as of/ Estado del caso, al - 7 de abril de 2009|
|Status of the File as of March 11, 2009 — Estado del proceso al 11 de Marzo de 2009|
[December 23, 2008]Nuestras disculpas por el retraso en la Ronda 3 de la Primera Distribución, un número de dificultades relacionadas con la recuperación de activos de Bancafe International Bank Ltd., nos impidieron poderlo hacer antes. Le estaremos reportando a la Corte de Barbados en Enero de 2009 sobre nuestras acciones de los últimos meses del 2008 y dicho reporte será publicado en esta página web.
Las instrucciones de pago para la Ronda 3 de la Primera Distribución han sido enviadas a nuestro Banco para iniciar con el proceso el 23 de Diciembre de 2008. Tal y como lo hicimos en anteriores ocasiones el pago se realizará de dos formas: a) Mediante acreditación a su cuenta en Banco Agromercantil (BA) si Usted nos proporcionó dicha información, o 2) Por cheque de caja el cual será enviado a la dirección que Usted nos ha proporcionado.
Si Usted nos ha provisto con su número de cuenta en BA favor tomar en consideración el tiempo que se requiere para transferir los fondos a Guatemala así como de los próximos feriados Navideños antes de revisar la acreditación a su cuenta en BA.
Para aquellas personas que estarán recibiendo un cheque de caja, una nueva publicación se hará en esta página web indicando cuando el Custodio haya recibido dichos cheques y hayan sido enviados a Guatemala.
El día 13 de Noviembre de 2008 nosotros publicamos un listado de depositantes que recibirían pago en la Tercera Ronda como (Listado A), pero hemos enmendado este listado, los números de cuenta que indicamos abajo fueron originalmente listados como elegibles para pago en (Listado A) pero este ya no es el caso. Las razones por las cuales su cuenta no será pagada en este momento pueden ser cualquiera de las siguientes:
[December 23, 2008]We apologise for the delay in the issuance of Distribution 1 Round 3. A number of delays were experienced as we were busy resolving issues related to the recovery of additional assets of Bancafé International Bank. We will be reporting to the Court in Barbados in January 2009 on our actions over the latter part of 2008 and the report will be posted on this website.
Payment instructions for Distribution 1 Round 3 were forwarded to our bank for execution on December 23, 2008.
As before, payments will be made in two ways; 1) by credit to your Banco Agromercantil ("BA") account, if you have provided us with that information, or 2) by bank draft (check), to be delivered to your address of record.
If you have provided us with a Banco Agromercantil ("BA")account number please take into account the time required to wire the funds to Guatemala as well as the upcoming Christmas holiday before checking your BA account.
For those of you who are receiving a bank draft, another notice will be published on this website indicating when the Custodian has collected the drafts and they have been forwarded on to Guatemala, for ultimate delivery to depositors.
On November 13, 2008 we posted a preliminary list of depositors who would be paid in Round 3 in "List A", but we have since amended this list. The account numbers listed below were formerly listed as eligible for payment in "List A", but this is no longer the case. The reason that your account cannot be paid at this time could be as follows:
[November 12, 2008]En preparación para la Tercera Ronda de la Primera Distribución, quisiéramos pedirles a todos los cuentahabientes de BIB que se encuentran en la lista "A", y que aún no han enviado su número de cuenta en dólares en Banco Agromercantil (monetarios o ahorros) que lo hagan al número de fax +1 246 427 0676 o email firstname.lastname@example.org a efectos de poder enviarles una transferencia electrónica para que los fondos estén inmediatamente disponibles
Si usted no envía su número de cuenta usted recibirá un cheque de caja lo que significa que no tendrá acceso inmediato a los fondos sino potencialmente en un período de un mes.
In preparation for the Third Round of the First Distribution, we hereby request that all account holders of BIB who are on list "A", and that have not sent their account number in US dollars of Banco Agromercantil ("BA") (monetary or savings), send their BA account number to our fax number +1 246 427 0676 or email email@example.com so that we are able to transfer the funds and such funds are immediately available.
If you do not send the account number you will receive a bank draft which would mean that you would not have access to your funds for potentially as long as a month.
First Distribution — Round 3
We are presently finalising arrangements to pay approximately 500 people who have satisfied the requirements to be paid. Updated claim status lists will be posted next week. This payment will be made to your Banco Agromercantil accounts in the next 2-3 weeks. For those of you who have not provided us with a BA account number, you will receiver a bank draft which will be mailed out in the next 2-3 weeks.
The timeline for the Second Distribution is dependant on the following criteria:
[July 21, 2008]A partir del próximo 4 de Agosto, 2008 el Custodio llevará a cabo la segunda ronda de los pagos a los depositantes que hayan sido aprobados en la primera distribución. Estos pagos se realizarán a todos los depositantes cuyos reclamos hayan sido aceptados a partir de la primera ronda de pagos realizada el pasado mes de mayo.
Beginning on August 4, 2008 the Custodian will begin to make the second round of payments to proven depositors under the First Distribution. These payments will be made to all depositors whose claims have been accepted since the First Round of payments was made last May.
[July 10, 2008]Please see below for updated Lists showing the current status of depositor accounts.
List "A" : This is a list of accounts for which ALL information and supporting documents have been received and which are in good order. If you are on this list, then you have either already received your First Distribution payment in Round 1 or you are scheduled to receive it during Round 2, which will begin later in July, 2008.
Payment Calculator , determine the amount of your payment in advance.
List "B" : This is a list of accounts for which SOME or all information and supporting documents have been received. If you are on this list, we have received your claim but, with a few exceptions, we cannot yet accept your claim. If you are on this list, we have calculated your payment based on the bank's records and are holding your payment in reserve until your claim is finalised. You should have received a notice from us stating what information is outstanding. If your account is on this list and has a decision code 1 next to it, your payment has been held for one of several possible reasons such as; you have initiated litigation against BIB in Guatemala but have not yet withdrawn your claim (many are still pending); or, your account is listed as collateral for a back-to-back loan; or, you have an outstanding loan with BIB which has yet to be collected.
List "C" : This is a list of accounts for which we have received NO claim. If your account is on this list, it is possible that we did not have a valid address for you. If you appear on this list and would like to file a claim, please email firstname.lastname@example.org and provide your name, account number(s) and address so that we can update our files and get you started in the process.
List "D" : This is a list of accounts for which a claim has been received, however, due to the timing of receipt of the claim, it is still PENDING. Upon final review of your claim, your will receive a notice of the status of your claim and, if approved, will be eligible for a later round of payments of Distribution 1.
[June 12, 2008]Please see below for updated Lists showing the current status of depositor accounts.
Payment Calculator , determine the amount of your payment in advance.
[May 12, 2008]AVISO IMPORTANTE: Para todos los depositantes que fueron programados para recoger sus cheques de acuerdo al listado de fecha 1 de mayo de 2008 , les agradeceremos tomar nota que podrán asistir a las 7a. Avenida 6-17 de la Zona 9, Ciudad Guatemala , cualquier día de esta semana (Mayo 12-16, 2008) entre las 9 a.m. y las 5 p.m. a recoger su cheque.
IMPORTANT NOTICE: To all depositors who were scheduled to pick up checks as per the list dated May 1, 2008 , please note that you may attend at 7a. Avenida 6-17 de la Zona 9, Ciudad Guatemala , any day of this week (May 12-16, 2008) between 9am and 5pm to pick up your check. If you do not pick up your check by 5pm on May 16, it will be returned to Barbados
Payment Calculator , determine the amount of your payment in advance.
[May 7, 2008]See Below for statistics relating to the First Distribution, which is currently underway:
A new List "A" has been prepared to include those accounts which have been finalised since the List A dated May 1, 2008. This updated list identifies Accepted and finalised claims that have been scheduled for delivery between May 5 - 16, 2008 ("D1R1") as well as another 179 (as of today) that will now be eligible for payment in the second Round ("D1R2"). A date for D1R2 has not yet been set but it will follow the first Round.
You may now enter the amount of your Accepted Claim (the amount confirmed to you by the Custodian) to calculate the amount that you are scheduled to receive in this First Distribution.
[May 5, 2008]Today the process of delivering payments under the First Distribution to proven Depositors of BIB began.
You may now enter the amount of your Accepted Claim (the amount confirmed to you by the Custodian) to calculate the amount that you are scheduled to receive in this First Distribution.
Thanks to the patience and orderly conduct of depositors scheduled for payment today, the payment process has been running ahead of schedule. Therefore, depositors are now invited to attend at the delivery location up to 2 days in advance of their scheduled delivery date ( Pickup Location and Schedule of Dates assigned to Depositors ). All other conditions of delivery still apply. Please see earlier postings below for detailed information about where to go and what to bring with you.
El día de hoy inició el proceso de entrega de los pagos derivados de la Primera Distribución a los depositantes del BIB que fueron aprobados.
Usted puede acceder al monto de su Reclamación Aceptada (el monto que le fuera confirmado a usted por el Custodio) para calcular la cantidad que está prevista que Usted recibirá en esta Primera Distribución.
Agradecemos la paciencia y la conducción ordenada de los depositantes cuyo pago está previsto para el día de hoy, el proceso de pago se ha estado llevando a cabo antes de lo previsto. Por lo tanto, los depositantes son invitados a asistir al lugar de entrega hasta 2 días antes de la fecha de entrega prevista ( Pickup Location and Schedule of Dates assigned to Depositors ). Todas las demás condiciones de entrega siguen siendo válidas. Por favor, consulte las publicaciones previas que se encuentran a continuación para obtener información detallada acerca de dónde debe ir y qué debe llevar consigo.
[May 1, 2008]IMPORTANT Information Concerning Payments Scheduled for May 5-16, 2008
The First Distribution to Depositors with complete and Accepted claims will take place beginning on May 5, 2008 and will run until May 16, 2008. If your account appears on List "A" below, please see the following documents for important information and details about where and when you can pickup your payment.
IMPORTANTE Información Relacionada con Los Pagos Programados del 5 al 16 de mayo 2008
La Primera Distribución a los Depositantes con reclamos completos y Aceptados se efectuará a partir del 5 de mayo de 2008, y continuará hasta el 16 de mayo de 2008. Si su cuenta aparece abajo, en Lista "A", por favor vea los siguientes documentos para información importante y detalles acerca de dónde y cuándo Usted puede recoger su pago.
IMPORTANT - YOU MAY ONLY PICKUP YOUR PAYMENT ON THE DATE ASSIGNED TO YOU, IF YOU COME IN ON A DIFFERENT DATE, YOUR PAYMENT WILL NOT BE AVAILABLE AND YOU WILL NOT BE GIVEN ACCESS TO THE PREMISES.
Two days are reserved at the end of the distribution period for those people who are not able to attend on their scheduled day. If you miss both of these opportunities to pick up your payment, your payment will be held until the next scheduled payment period "Round 2", the date for which has not yet been determined.
IMPORTANTE – USTED PUEDE RECOGER SU PAGO UNICAMENTE EN LA FECHA ASIGNADA, SI USTED VIENE EN UNA FECHA DISTINTA, SU PAGO NO ESTARA DISPONIBLE Y NO TENDRA ACCESO A LAS INSTALACIONES.
Han sido reservados dos días al final del período de distribución, para aquellas personas que no hayan podido acudir en la fecha que les fuera programada. Si Usted pierde ambas de estas oportunidades para recoger su pago, su pago será retenido hasta el próximo período de entrega programado "Ronda 2", cuya fecha aún no ha sido determinada.
Update on Status of Accounts
Please consult the following lists of account to determine the current status of your claims. These lists supercede any Lists previously posted to this website.
List "A" : This is a list of accounts for which ALL information and supporting documents have been received and which are in good order. If you are on this list, then you are scheduled to receive your First Distribution payment. Please see the "Schedule of Dates assigned to account holders" above to find the address and your assigned day for pickup of your payment. You can determine the amount of your payment by referring to the sample calculation in the pamphlet below, which will also be available onsite during the delivery period of May 5-16.
List "B" : This is a list of accounts for which SOME or all information and supporting documents have been received. If you are on this list, we have received your claim but, with a few exceptions, we cannot yet accept your claim. It is possible that a small number of depositors completed their files too late to be included on List A for this round of payments. In any case, if you are on this list, we have calculated your payment based on the bank's records and are holding your payment in reserve until your claim is finalised. You should have received a notice from us stating what information is outstanding. It is possible that your documents have been received but not yet processed due to the large volume of documents being received by our staff. Please check these lists as they will be updated as we progress.
List "C" : This is a list of accounts for which we have received NO claim. If your account is on this list, it is possible that we did not have a valid address for you. If you appear on this list and would like to file a cliam, please email email@example.com and provide your name, account number(s) and address so that we can update our files and get you started in the process.
[Apr 21, 2008]Please see the following documents for information concerning the timing and process for the upcoming payment of the First Distribution.
[Apr 4, 2008]As we approach the first payment of the First Interim Distribution to Creditors of Bancafe International Bank, our processing team continues to receive and evaluate depositor claims (over 2,500 claims have been received to date).
On March 27, 2008, we posted a list of depositors who, as of that date, had provided ALL of the necessary supporting documentation and were therefore eligible for the first payment of the First Interim Dividend. That list was posted below as List-Lista "A". Since March 27, hundreds of additional claims have been processed and almost 100 more claims have been finalised. Those depositors are now also eligible to receive the first payment of the First Interim Distribution. Please see below for an updated List-Lista "A" of accounts currently approved to receive the first payment, which is now being finalised. Please note that this list is believed to be accurate based on information currently on file but it is subject to final review and approval. Please check this website for a final list which will be posted on the day the payments are to be transmitted to depositors.
We have also updated List-Lista "B" to include all claims received to date and an indication of the status of each claim.
If you do not see your account number on the updated List-Lista "A", one of three situations may apply:
[Mar 27, 2008]Several questions and concerns have been brought to the attention of the Custodian concerning the procedures and status of the claims process. Please see below for an important update on this matter.
[Mar 6, 2008]Please take notice that pursuant to the International Financial Services Act CAP 325 of the laws of Barbados, PricewaterhouseCoopers Inc. the Custodian of Bancafe International Bank Ltd. has prepared a schedule of actions proposed to be given for the purpose of the compulsorily winding up of the said Bancafe International Bank Ltd. and that the said Schedule of Actions will be available for inspection at www.pwc.com/car-bib. Objectors have 20 days from March 3rd of 2008 to file an objection in the Courts of Barbados.
[Mar 4, 2008]Please see below for important information you need to know about the Bancafe International Bank claims process.
[Feb 19, 2008]
Actualización de la Información del Proceso Con Respecto a las Reclamos y Declaraciones Necesarias
Information Update Regarding Claims Process and Declarations Required
Many account holders have received their letter(s) confirming the status of their claim(s) with the Custodian and have asked for clarification about the declaration found in the letters below.
Please not that the signature on the declaration form MUST BE NOTARIZED . The signature on the Declaration MUST MATCH the signature on the original claim. Failure to meet either of these criteria WILL RESULT IN A DELAY in the payment of your first distribution payment.
All declarations must be sent to our Barbados processing team EITHER by fax at +1 246 427 0676 OR by email at firstname.lastname@example.org .
All correspondence regarding your claim MUST be directed through the processing team at email@example.com . Please do not send emails directly to PricewaterhouseCoopers staff as these individuals are not directly involved in processing claims and will not have access to all of the necessary information. You may also send your response to Cargo Expresso at the following address:
PricewaterhouseCoopers EC Inc.,
Custodian for Bancafe International Bank Ltd.,
C/O CAEX D6, Diagonal 6 11-97 Zona 10,
Edificio Internaciones, Local 101,
Guatemala, Centro America .
There are some account holders who have already forwarded their Banco Agromercantile information to the Custodian, but neglected to send their declaration. If you think you have forgotten to send the declaration, please have it signed and notarised and forward as instructed below.
Please be assured that every claim is important to us and we are taking all necessary steps to ensure that each claim is treated fairly. If there is a complication with your claim and a delay is necessary, your potential payment will be held in reserve until the Custodian has had the opportunity to resolve any outstanding issues. When and if your claim is ultimately admitted, you will be able to "catch up" and receive your first payment at a later date.
Your patience and assistance is greatly appreciated as we make our way through this extraordinary process.
The Custodian of Bancafe International Bank
[Feb 1, 2008]Claims Process - During the latter two weeks of January, 2008, all claims received to date by the Custodian had been process and individual responses have been issued from Barbados. Please allow several weeks for delivery. The response letters contain detailed instructions as to the next steps and actions required by depositors. Please read the letter closely and follow the instructions. Samples of the letters appear below. Please consult the chart titled "Decision Codes" to determine the status of your claim.
Press Release - On January 31, 2008, a Press Release was issued to the Siglo XXI of Guatemalan press; on February 3, 2008, it will be issued once more in the Prensa Libre. Please see below for a copy of the release in English and Spanish.
[Dec 11, 2007]Please see the Reports section below for the First Report of the Liquidator to the High Court of Justice of Barbados.
[Oct 1, 2007]
[Sep 7, 2007]
[Aug 31, 2007]
[Jun 1, 2007]Updated Frequently Asked Questions are available below.
[May 9, 2007]Please see the following for an update on several issues related to the Custodianship.
On May 8, 2007, a Press Release was issued to the Guatemalan press. Please see below for a copy of the release in English and Spanish.
[Feb 14, 2007]Upon hearing the application filed by the Custodian in the High Court of Justice of Barbados on January 19, 2007 (as described below), the Court ordered that, among other things, the agreement reached between the Custodian and the Refco Trustee be approved. A copy of the order is available in English below.
Con base en la solicitud presentada por el Custodio ante la Corte Suprema de Justicia de Barbados, el 19 de enero de 2007 (descrita mas adelante), la Corte ordenó, entre otras asuntos, que el acuerdo convenido entre el Custodio y el fiduciario de Refco sea aprobado. Una copia de dicha orden se encuentra disponible en idioma inglés a continuación.
[Jan 31, 2007]On Friday January 19, 2007, the Custodian filed an application with the Court in Barbados asking the Court to sanction an agreement reached with the Refco Trustee to admit Bancafe International Bank's claim in the Refco bankruptcy in the net amount of approximately $51.7 million. The application was heard by the Court on Wednesday, January 24, 2007. A copy of the documents, as filed with the Barbados Court, are available below.
El viernes, 19 de enero del año en curso, el Custodio presentó una solicitud ante la Corte de Barbados solicitándole a la Corte sancionar un acuerdo al cual se llegó con el fiduciario de Refco para reconocer la demanda de Bancafe International Bank Ltd. en el proceso de quiebra de Refco por un monto neto de aproximadamente US$51.7 millones. La solicitud fue conocida por la corte el miércoles, 24 de enero del año en curso. La copia de los documentos presentados en la Corte de Barbados está disponible en la parte inferior.
[Jan 16, 2007]On January 12, 2007, an Order was issued by the United States under Chapter 15 of the US Bankruptcy code recognizing the Custodian's appointment by the Barbados Court as a foreign main proceeding under the laws of the United States. The recognition extends the force and effect of the Barbados Winding Up Order to the jurisdiction of the United States for, among other things, the purposes of identifying and recovering any of Bancafe International Bank Limited's assets which may be located in the United States. See below for the Order granting recognition under Chapter 15 and a follow-on order relieving the "Refco Trustee" from the resulting automatic stay of proceedings.
[Dec 10, 2006]On November 29, 2006 pursuant to an application made by the Central Bank of Barbados, PricewaterhouseCoopers, E.C. Inc. was appointed as Custodian of Bancafe International Bank Ltd. A copy of the Order may be accessed below in both English and Spanish. Additional information will be posted to this site as it becomes available.
This Web site will be updated as information becomes available.
|Preguntas y Respuestas Frecuentes , dated June 1, 2006|
|Frequently Asked Questions , dated June 1, 2006|
Reports to Court:
|Second Report of the Custodian, dated November 13, 2009|
|First Report of the Custodian , dated August 24, 2007|
|Primer informe del Custodio en Espanol con fecha 24 agosto 2007|
Notices to Creditors:
|Notice to Depositors and Creditors (Aviso en Español), dated December 10, 2006|
|Notice to Depositors and Creditors , dated December 10, 2006|
Court Orders and Related Documents:
High Court of Justice of Barbados - Order to Approve Agreement Between the Custodian and Refco Trustee
(English only) - dated January 24, 2007
Corte Suprema de Justicia de Barbados- Orden para sancionar acuerdo entre el Custodio y fiduciario de Refco (solo Inglés) - de fecha 24 de enero de 2007
High Court of Justice of Barbados - Application filed by the Custodian
, dated January 24, 2007
Application seeking Barbados Court sanctioning of an agreement with the Refco Trustee to admit Bancafe International Bank's claim in the Refco bankruptcy.
Solicitud a Corte de Barbados para sancionar acuerdo con fiduciario de Refco para reconocer demanda de Bancafe International Bank Ltd. en proceso de quiebra de Refco.
|US Bankruptcy Court Chapter 15 Order Granting Recognition of Foreign Main Proceeding , dated January 12, 2007|
|US Bankruptcy Court Order Granting Relief From Automatic Stay To Refco Trustee , dated January 12, 2007|
US Bankruptcy Court Notice of Filing and Hearing
, dated December 21, 2006
Notice of Filing and Hearing on Petition Under Chapter 15 Seeking Recognition of Foreign Main Proceeding and Granting Related Relief.
US Bankruptcy Court Order Re Ch. 15 Petition for Foreign Recognition
, dated December 20, 2006
Order granting ex-parte omnibus motion to (a) approve form, manner, method, and recipients of notice, (b) approve manner and method of communication between court and foreign representative, and (c) schedule hearing on verified petition for recognition of foreign main proceeding.
|Appointment Order (Aviso en Español), dated November 29, 2006|
, dated November 29, 2006
Appointed Custodian, pursuant to the provisions under section 69 of the International Financial Services Act, No. 5 of 2002 of the Laws of Barbados
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