Banco Privado Portugues (Cayman) Limited
(In Official Liquidation) ("BPP Cayman")
By order of the Grand Court of the Cayman Islands ("Grand Court") dated 9 July 2010 Ian Stokoe and David Walker of PwC Corporate Finance & Recovery (Cayman) Limited ("PWC") were appointed Joint Official Liquidators ("JOLs") of BPP Cayman.
Ian Stokoe and David Walker were each released from their duties as JOLs of BPP Cayman by orders of the Grand Court dated 13 October 2015 and 13 July 2106, respectively, as a result of each of the JOL's retirement from PwC.
Messrs. Simon Conway and Jess Shakespeare, both of PwC, were appointed JOLs of BPP Cayman by orders of the Grand Court dated 20 November 2014 and 13 July 2016, respectively.
Key events:
- Settlement of SIV Segregated Monies on terms sanctioned by the Grand Court with respect to the following SIVs:
- ALP 2
- ALP 3
- ALP 6
- Deutsche Telekom Leveraged
-Gazprom 4
- HF VAR 3
- HF VAR 8
- PIAP 21
- PIAP 27
- PICL
- PICL 3
- PICL 4
- POP
- POPUP 8
- PRIM
- PRIM 2
- STL USD
- STLI 10
- STLI 12
- STLI 13
- STLI 18
- STLI 19
- Unicredit Leveraged Debt
- Ongoing discussions with representatives of Banco Privado Portugues SA and the Portuguese Republic with respect to agreeing terms of a potential settlement agreement, in consultation with BPP Cayman’s Liquidation Committee
- Collection of depositor debt repayments totaling c. €14m as at 31 August 2016, which is currently held on trust pending resolution of the legal proceedings in Portugal and the Cayman Islands