VOL. XXXIX

No. 12

18-December-1995

UAE

First Phase In BCCI Settlement Begins

Following the agreement of a group of former employees not to contest the settlement of their claims against the former Bank of Credit and Commerce International (BCCI) (MEES, 27 November), the monetary authorities in the UAE have sent out proof of debt forms to known creditors of the collapsed bank and asked them to submit claims of the amounts outstanding. Other creditors who believe they are owed money...