Deltec disputes $20m withholding tied to Britannia sale

Deltec Bank & Trust argues that its 2024 sale of business lines to Britannia does not constitute a violation justifying a payment provider's retention of over $20m in funds belonging to Deltec and its clients. The dispute centers on contractual or regulatory obligations linked to the sale, with the outcome affecting fund access and legal precedent in Bahamian banking.

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