St. John's, Antigua: A statement have been issued by the joint liquidators of Stanford International Bank (SIB) describing the potential sale of two parcels of land at the airport as a "win-win" situation for the government and Stanford's creditors, according to a Caribarena Antigua report.
Joint Liquidator, Marcus Wide of Grant Thornton said, “Under the court’s freeze order, our consent, or approval from the court will be required for any such sale.” Stanford Development Company is obliged to advise the Joint Liquidators when a sale is agreed, and provide evidence that the price is at fair value. If the Joint Liquidators disagree, they can object to the transaction which will then go before the Court for adjudication, the Caribarena report said.
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