Offshore Banking with a Swiss Bank Account and Nevis LLC

Settlement of 101. (1) Any time within one year after dissolution, a
claims against corporation may give notice requiring all creditors and
corporation claimants, including any with unliquidated or contingent
claims and any with whom the corporation has unfulfilled
contracts, to present their claims in writing and in detail at a
specified place and by a specified day, which shall not be
less than six months after the first publication of such
notice. Such notice shall be published at least once a week
for four successive weeks in a newspaper of general
circulation in the jurisdiction which the office of the
corporation was located at the date of dissolution, or if
none exists, in a newspaper of general circulation in Nevis.
On or before the date of the first publication of such notice,
the corporation shall mail a copy thereof, postage prepaid
and addressed to his last known address, to each person
believed to be a creditor of or claimant against the
corporation whose name and address are known to or can
with due diligence be ascertained by the corporation. The
giving of such notice shall not constitute a recognition that
any person is a proper creditor or claimant, and shall not
revive or make valid or operate as a recognition of the
validity of, or a waiver of any defense or counter claim in
respect of any claim against the corporation, its assets,
directors, officers or shareholders, which has been barred
by any statute of limitation or which has become invalid by
any cause, or in respect of which the corporation, its
directors, officers or shareholders, have any defense or
counterclaim.
(2) Any claims which shall have been filed as provided in
such notice and which shall be disputed by the corporation
may be submitted for determination to the High Court. Any
person whose claim is, at the date of the first publication of
such notice, barred by any statute of limitations is not a
creditor or claimant entitled to any notice under this
section. The claim of any such person and all other claims
which are not timely filed as provided in such notice except
claims which are the subject of litigation on the date of the
first.publication of such notice, and all claims which are so
filed but are disallowed by the High Court, shall be forever
barred as against the corporation, its assets, directors,
officers and shareholders, except to such extent, if any, as
the court may allow them against any remaining assets of
the corporation in the case of a creditor who shows
satisfactory reason for his failure to file his claim as so
provided.
(3) Notwithstanding this section, tax claims and other
claims by the Government shall not be required to be filed
under this Ordinance, and such claims shall not be barred
because not so filed, and distribution of the assets of the
corporation, or any part thereof, may be deferred until
determination of any such claims.