It's also something we're considering after we talked about it a few weeks ago, however, initiating such a case also requires time, which we don't have at the moment. Should this situation escalate, then it's definitely something we're considering taking action on.
The Battle for Truth: OffshoreCorpTalk vs Hamilton Reserve Bank
- Thread starter JohnLocke
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https://www.winnmediaskn.com/pm-dre...-using-fake-attributes-in-paid-press-release/
LOL! What kind of bank is this︁ 😀
Edit: some more reading material on the bank:
https://www.ft.com/content/5881a99b-2610-4ca4-afaa-48f5ac07012ahttps://www.ft.com/content/663cc8e6-e2ad-4f25-b473-ea2f33c6b4f6https://www.cadtm.org/Sri-Lanka-s-debt-trap-and-the-vultureshttps://www.lankanewsline.com/controversial-benjamin-wey-sues-sri-lanka-for-250-million/
LOL! What kind of bank is this︁ 😀
Edit: some more reading material on the bank:
https://www.ft.com/content/5881a99b-2610-4ca4-afaa-48f5ac07012ahttps://www.ft.com/content/663cc8e6-e2ad-4f25-b473-ea2f33c6b4f6https://www.cadtm.org/Sri-Lanka-s-debt-trap-and-the-vultureshttps://www.lankanewsline.com/controversial-benjamin-wey-sues-sri-lanka-for-250-million/
It's gotta be a sweet deal, suing companies and countries instead of making cash the straight-up, honorable way. Hamilton Reserve Bank? More like Hamilton Reserve Joke, it's not even a real bank!
https://casetext.com/case/hamilton-...-democratic-socialist-republic-of-sri-lanka-8
On August 30, 2023, the United States Attorney for the Southern District of New York informed the Court that the United States was considering whether to file a statement of interest with respect to the defendant's motion to stay and requested until October 2 to do so. An Order of September 6 granted the Government's request. Also on September 6, the French Republic and the United Kingdom ("UK") sought leave, as members of the Paris Club, to file an amicus brief in support of Sri Lanka's motion to stay (the "Paris Club︀ Amicus Brief"). That request was granted the same day.
France and the UK support the︁ request by Sri Lanka for a temporary stay "in order to safeguard the ongoing debt︂ restructuring process." They assert that a judgment in favor of Hamilton before that process is︃ completed "would risk disrupting the ongoing negotiations by creating an incentive for holdout creditors, thereby︄ jeopardizing the comparability of treatment between different categories of creditors." They explain that such a︅ disruption "would lead to delays in the negotiations, delaying the cash disbursement by the IMF︆ to the debtor country and resulting in significant costs for Sri Lanka and the official︇ creditors' taxpayers."
On October 2, the Government filed a statement of interest in support of︈ Sri Lanka's motion for a stay ("U.S. Statement of Interest"). The U.S. Statement of Interest︉ was filed pursuant to 28 U.S.C. §§ 517 and 518, which authorize the United︊ States Department of Justice "to attend to the interests of the United States" by "argu[ing]︋ any case in a court of the United States in which the United States is︌ interested." It is the Government's assessment that the stay "would facilitate an orderly and consensual︍ sovereign debt restructuring process" and "also facilitate negotiations with private creditors, an estimated majority of︎ which have conditioned their participation on the application of comparable treatment."
On August 30, 2023, the United States Attorney for the Southern District of New York informed the Court that the United States was considering whether to file a statement of interest with respect to the defendant's motion to stay and requested until October 2 to do so. An Order of September 6 granted the Government's request. Also on September 6, the French Republic and the United Kingdom ("UK") sought leave, as members of the Paris Club, to file an amicus brief in support of Sri Lanka's motion to stay (the "Paris Club︀ Amicus Brief"). That request was granted the same day.
France and the UK support the︁ request by Sri Lanka for a temporary stay "in order to safeguard the ongoing debt︂ restructuring process." They assert that a judgment in favor of Hamilton before that process is︃ completed "would risk disrupting the ongoing negotiations by creating an incentive for holdout creditors, thereby︄ jeopardizing the comparability of treatment between different categories of creditors." They explain that such a︅ disruption "would lead to delays in the negotiations, delaying the cash disbursement by the IMF︆ to the debtor country and resulting in significant costs for Sri Lanka and the official︇ creditors' taxpayers."
On October 2, the Government filed a statement of interest in support of︈ Sri Lanka's motion for a stay ("U.S. Statement of Interest"). The U.S. Statement of Interest︉ was filed pursuant to 28 U.S.C. §§ 517 and 518, which authorize the United︊ States Department of Justice "to attend to the interests of the United States" by "argu[ing]︋ any case in a court of the United States in which the United States is︌ interested." It is the Government's assessment that the stay "would facilitate an orderly and consensual︍ sovereign debt restructuring process" and "also facilitate negotiations with private creditors, an estimated majority of︎ which have conditioned their participation on the application of comparable treatment."
Two years back, I got to work with some folks connected to Prabhakar Kaza, and let me tell you, it was a bit of a nightmare. It felt like we were speaking different languages,they just didn't get what my partners and I were trying to say. I shelled out a hefty sum, 500 grand each, to these two associates, hoping to get some solid ins with HRB. But man, it turned into a total mess from the get-go. The best I managed was a chat with a senior RM for my clients, and even he seemed off the mark about my business. Misunderstandings, delayed transactions,︀ you name it,it was all over the place. Not exactly what you'd hope for in︁ the banking world, right?
Never again. I learned my lesson.
Never again. I learned my lesson.
I still cannot believe HRB is so sensitive about criticism. It is a really bad look for them. I mean what are they hoping to get out of this? A thread removed from a internet forum? Large cash settlement? They are not suing the NYT or Daily Mail here...lol. As @Sols said they have made this into something much bigger than it actually is.
They actually have more to lose than to gain in this case unless they are suffering a bank run or they are in financial trouble? I am just asking that's all ca#"!.
P.S HRB seems more petty then 50cents. I don't︀ know what to make of a bank that also uses SatchelPay in Lithuania to process︁ their SEPA Euro payments. What a coincidence as that's another company that tried to︂ get forum closed down. It's a really bad coincidence isnt it 😉.
They actually have more to lose than to gain in this case unless they are suffering a bank run or they are in financial trouble? I am just asking that's all ca#"!.
P.S HRB seems more petty then 50cents. I don't︀ know what to make of a bank that also uses SatchelPay in Lithuania to process︁ their SEPA Euro payments. What a coincidence as that's another company that tried to︂ get forum closed down. It's a really bad coincidence isnt it 😉.
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