Antigua-Barbuda facing multi-million dollar lawsuit brought by St. Kitts-Nevis National Bank


The Antigua and Barbuda government says it will defend a multi-million dollar lawsuit brought against it by the St. Kitts-Nevis National Bank.

Prime Minister Gaston Browne told legislators that the EC$60 million lawsuit stems from an agreement relating to the former Antigua Barbuda Investment (ABI) Bank that ended operations in 2015.

Browne told legislators that the St. Kitts-Nevis National Bank had chosen to underwrite a loan of the former government, granted by ABI Bank, which his administration is honouring.

He said that the claims by the bank for millions of dollars will not be honoured.

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