WILLEMSTAD - As the bankruptcy proceedings of Banco del Orinoco NV move forward, new issues have emerged just days before a crucial creditors' meeting set for December 6, 2024, at the bankruptcy supervisory court in Curaçao. Creditors have been given until November 15, 2024, to submit their final claims, but recent reports indicate suspicious activities involving offers to exchange these claims.
According to several affected creditors, individuals claiming to represent the principal shareholder of the failed bank, Grupo de Inversiones Venezolanas, have been reaching out with unsolicited offers. These callers propose to exchange creditors' claims for private debt securities, raising concerns about the legitimacy and legality of such offers.
In response to these developments, legal experts Carlos Calderón and Roberto Hung have addressed the situation in a recent podcast, discussing the implications of these proposals within the framework of the ongoing bankruptcy process and the jurisdictions involved. They have urged creditors to exercise caution and to seek verified information regarding any offers related to their claims.
The podcast has become a key resource for creditors, providing insights and updates on the unfolding situation. As the meeting date approaches, affected parties are encouraged to stay informed and vigilant about potential fraudulent activities.
The upcoming creditors' meeting is a significant event in the bankruptcy process of Banco del Orinoco NV, where critical decisions about the liquidation and distribution of assets will be discussed. The involvement of Grupo de Inversiones Venezolanas, the main shareholder, and the unsolicited exchange offers have added another layer of complexity to an already intricate case.
Creditors and stakeholders are advised to verify any communication they receive and to consult legal advisors before taking any action related to their claims in the bankruptcy proceedings.