Central Bank of Curaçao and Sint Maarten says Ansary’s death pauses liability proceedings while Ennia loss recovery actions continue

The Central Bank of Curaçao and Sint Maarten (CBCS) issued an update on the passing of Mr. Hushang Ansary, outlining how this affects ongoing court proceedings linked to efforts to recover losses suffered by Ennia. The Joint Court of Justice has stayed the liability proceedings against Mr. Ansary, but CBCS stated it will continue pursuing recovery from former directors and shareholders. Mr. Ansary’s attorney notified the Court of his passing, leading to the stay pending notification on who will assume his position in the proceedings. CBCS noted that the liability proceedings are also directed at other parties, including a legal entity affiliated with Mr. Ansary, and that his passing does not change those parties’ legal position; the central bank added it may take legal steps involving legal successors where necessary. Once the Court receives notification regarding the assumption of Mr. Ansary’s position in the proceedings, the liability proceedings can be resumed.