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International law firm, Trowers & Hamlins, in its capacity as liquidator of The International Banking Corporation (TIBC), a Bahrain-based wholesale bank, has successfully made a second distribution to creditors, marking another significant milestone in one of the Middle East’s most complex insolvency cases.
Trowers was appointed external administrator in 2009 after TIBC failed to meet its obligations to international bank creditors, a unique role for a law firm .
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