Marianna Suzanna Galtier

An investment firm in the British Virgin Islands and a related offshore bank in Antigua have gone into liquidation with combined liabilities estimated at hundreds of millions of dollars.Alsace Lorraine Investment Services went into liquidation at the BVI High Court on January 28, 2005, with Glenn Harrigan and Simon Whicker, of KPMG in the BVI and Cayman, respectively, appointed joint liquidators. Eleven days later on February 8, 2005, Bank of Europe Limited was placed into liquidation by the High Court in Antigua & Barbuda, with Peter Queeley and Hugh Henry appointed joint liquidators. The Bank had previously gone into receivership on December 4, 2004.