NO. 19


Financial and Banking News

Regional Banking

Luxembourg Court Approves BCCI Settlement; Settlement With Mahfouz/NCBImminent

A Luxembourg Court has approved the compensation plan for BCCI creditorsproposed by BCCI's majority shareholder, the Government of Abu Dhabi. Thedecision, taken on 31 January, paves the way for payments to creditors laterthis year. Courts in London and the Cayman Islands, BCCI's other two mainoperating centers, had already approved the Abu...