Counsel for Pilatus Bank, having received what they admit is an extensive response from the attorneys for the Lawrence Connell, the Competent Person, who was the designated administrator of the bank after its license was cancelled by the European Central Bank, have asked for additional time to reply on the merits. They have asked for an extension until March 29, representing that counsel has advised there is no opposition.
The problem may be that the Court ordered the case dismissed if service of process could not be effectuated by a deadline date, and this did not occur. A proposed order, based upon stipulation allowing Lawrence Connell's counsel for additional time to reply to the Petition was never signed, and it remains to be seen whether it is no longer pending. It may just be a long shot by Pilatus' counsel, hoping that the Court will allow it to continue.