General Information

On 6 October 2016, the Joint Liquidators made an application to the Isle of Man Court for an order releasing the Joint Liquidators and effectively transferring all Banners Broker International Limited (“BBIL”) insolvency matters to the Canadian court-appointed receiver of BBIL, msi Spergel inc. (“Canadian Receiver”). On 9 December 2016, the Order was granted by the Isle of Man Court and the Joint Liquidators were released from their role as Joint Liquidators. The Order also transferred all insolvency administration matters to the Canadian Receiver. A copy of the Order is posted below.

If you have previously filed a claim with the Joint Liquidators you do not need to file a claim with the Canadian Receiver at this time.

If you have not yet filed a claim in the UK proceedings, the Canadian Receiver will provide instructions on how to file a claim once the transition of the BBIL insolvency administration matters from the Joint Liquidators is complete. If you have already communicated with the Canadian Receiver and provided your contact information, the Canadian Receiver will contact you with information about how to file a claim.

In order to obtain any further updates or to amend your claim, please contact the Canadian Receiver directly using the contact information listed below. Information about the BBIL and Stellar Point Inc. insolvency proceedings in Canada can also be found on the Canadian Receiver’s website at www.spergel.ca/banners.

Address: msi Spergel inc., 505 Consumers Road, Suite 200, Toronto, Ontario, M2J 4V8, Canada, Attention: Frieda Kanaris

Email: bannersbrokerinternational@spergel.ca
Telephone: 416-498-4309

Judgment delivered on 9 December 2016 by His Honour the Deemster Doyle First Deemster and Clerk of the Rolls