HAMILTON RESERVE BANK ANNOUNCES IT WILL APPEAL NON-APPEALABLE INTERLOCUTORY ORDER; ACT OF BAD FAITH?

In a press release dated September 16, 2026, HAMILTON RESERVE BANK has announced that it intends to appeal the order of the High Court in Nevis, entered on September 25, 2026, requiring the bank to disburse $80 million of their funds to its depositors. As we have previously reported, the order stated that "Leave to appeal generally is refused, " and even if such language was not included, in our opinion it constitutes an interlocutory order, not a final judgment disposing of all relevant issues in the case, and therefore, it does not constitute an appealable order. The bank's intention to appeal under these circumstances, while incredibly arrogant, may ultimately be considered Contempt of Court.

This means that the disbursement of their deposits to the victims, as ordered, will not go forward on the 29th of October, and they will not be receiving the funds from their account. Given that the Court expressly warned that there would be serious consequences if the order was not properly obeyed, contempt proceedings, arrests of officers, or other punitive or corrective sanctions may follow.

Is this a Bad Faith response to a 222-page lawful court order? We note that the bank's defenses to the multiple lawsuits demanding that victims' funds be released forthwith have been met with dilatory actions by bank counsel, unproven allegations that the victims are tax evaders and money launderers, and other responses which were obviously interposed solely for the purposes of delay, and not to assert valid defenses in law or equity. Many legal authorities would consider such actions to be conducted in Bad Faith, and that sanctions should lie against the bank for such misconduct, as well as ethical complaints against the attorneys who filed such pleadings.

We will be monitoring the Court of Appeal, and will be reporting back to our readers on all developments as they occur. Will an appeal filed be rejected out of hand? We cannot say, but we will be watching.