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liquidation challenges for banque havilland amid client asset transfers delays

Banque Havilland has initiated voluntary liquidation in Liechtenstein and Switzerland, with KPMG overseeing the process. While the liquidation is reportedly on track, delays in transferring client securities are expected due to the complexity of client relationships and regulatory approvals, potentially extending until 2026. Clients with deposits under CHF 100,000 are prioritized for refunds, but many are still awaiting the transfer of their securities.
finews.ch
Swiss Franc Banque Havilland SA CHE LIE LUX Marc Arand Jan Frans Willems Show more
Regulatory & Legal, News Article
05:39 17.12.2024
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