Wednesday 1 October 2014

DIFC regulator calls for winding up of ES Bankers | The National

DIFC regulator calls for winding up of ES Bankers | The National:



"The Dubai International Financial Centre’s regulator has called for the winding-up of ES Bankers (Dubai) Ltd (ESBD), after the Portuguese bank’s manager attested that it was unable to continue as a going concern.



The DIFC Courts have appointed administration specialists Philip Bowers and Neville Kahn of Deloitte as joint provisional liquidators of ESBD, following a petition made on September 24 by the freezone’s regulator the Dubai Financial Services Authority (DFSA).



“The primary function of the joint provisional liquidators is to protect ESBD’s assets and those of its clients in the period until a formal winding-up hearing,” said the regulator in a statement."



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