Canadian Court Favors US Receiver In Stanford Case

Law360, New York (September 14, 2009, 5:04 PM EDT) -- The Antiguan court-appointed liquidators overseeing the assets of Stanford International Bank Ltd. said Monday a Canadian court had ruled that control of the bank’s Canadian assets should go to its U.S. receiver.

Liquidators Nigel Hamilton-Smith and Peter Wastell, chief partners of U.K.-based Vantis PLC, said a judge in Montreal Superior Court issued a verbal ruling Friday concluding that U.S. receiver Ralph Janvey should be given formal control of the assets.

Justice Claude Auclair reportedly found that the liquidators destroyed original computer evidence from the Montreal offices...
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