Matter
BONI and HRB (Eastern Caribbean Supreme Court Judgments Omnibus, 15 September 2026)
Court decisions concern depositor claims against BONI and HRB, employment claims, repayment orders, disclosure, and referrals to Nevis banking authorities.
Procedural record
- 15 September 2026Saint Kitts and Nevis
15 September 2026Saint Kitts and Nevis
Judgment of the Eastern Caribbean Supreme Court, High Court of Justice, Nevis Circuit in NEVHCV2023/0136 dated 15 September 2026
Eastern Caribbean Supreme Court, High Court of Justice, Nevis Circuit
- Decision summary
- The court ordered BONI to pay Arc Holdings, Arc Star and Trident Trust their account balances totaling approximately US$5.2 million, with interest and costs, and referred BONI to the Nevis regulator and Premier for consideration of its licence.
Participants
Arc Holdings Company LLC
- Representative
- Michelle Slack Clarke (For: Arc Holdings Company LLC · Arc Star LLC · Trident Trust Company (Nevis) Limited)
- Representative
- Gabriella Brantley (For: Arc Holdings Company LLC · Arc Star LLC · Trident Trust Company (Nevis) Limited)
Arc Star LLC
- Representative
- Michelle Slack Clarke (For: Arc Holdings Company LLC · Arc Star LLC · Trident Trust Company (Nevis) Limited)
- Representative
- Gabriella Brantley (For: Arc Holdings Company LLC · Arc Star LLC · Trident Trust Company (Nevis) Limited)
Trident Trust Company (Nevis) Limited
- Representative
- Michelle Slack Clarke (For: Arc Holdings Company LLC · Arc Star LLC · Trident Trust Company (Nevis) Limited)
- Representative
- Gabriella Brantley (For: Arc Holdings Company LLC · Arc Star LLC · Trident Trust Company (Nevis) Limited)
Bank of New Innovation Ltd (BONI)
- Representative
- Tim Prudhoe KC (For: Bank of New Innovation Ltd (BONI))
Eastern Caribbean Supreme Court, High Court of Justice, Nevis Circuit
- Judge
- Iain Morley KC
- 15 September 2026Saint Kitts and Nevis
15 September 2026Saint Kitts and Nevis
Judgment of the Eastern Caribbean Supreme Court, High Court of Justice, Nevis Circuit in NEVHCV2025/0133 dated 15 September 2026
Eastern Caribbean Supreme Court, High Court of Justice, Nevis Circuit
- Decision summary
- The court awarded Yasmine Hanley EC$304,479 and Sandra Huggins EC$157,274.50 for wrongful dismissal, with interest and costs, and ordered reporting of BONI to the Nevis Premier and international banking regulator for consideration of its licence.
Participants
Yasmine Hanley
- Representative
- Brian Barnes (For: Yasmine Hanley · Sandra Huggins)
Sandra Huggins
- Representative
- Brian Barnes (For: Yasmine Hanley · Sandra Huggins)
Bank of New Innovation Ltd (BONI)
- Representative
- Nadia Chiesa (For: Bank of New Innovation Ltd (BONI))
Eastern Caribbean Supreme Court, High Court of Justice, Nevis Circuit
- Judge
- Iain Morley KC
- 15 September 2026Saint Kitts and Nevis
15 September 2026Saint Kitts and Nevis
Ruling of the Eastern Caribbean Supreme Court, High Court of Justice, Nevis Circuit in linked HRB proceedings dated 15 September 2026
Eastern Caribbean Supreme Court, High Court of Justice, Nevis Circuit
- Decision summary
- The court ordered disclosure of sealed materials, repayment of specified depositor claims, and referral of Hamilton Reserve Bank to the Nevis regulator and Premier for consideration of suspension pending investigation, while reporting the circumstances to law enforcement.
Participants
Byoungjin Koo
- Representative
- Benjamin Drakes (For: Byoungjin Koo · Data Center Tec Ltd · Sibew Pty Ltd · NGD Aviation Limited)
- Representative
- Jared Tennant (For: Byoungjin Koo · Data Center Tec Ltd · Sibew Pty Ltd · NGD Aviation Limited)
Navis Cross Corp
Data Center Tec Ltd
- Representative
- Benjamin Drakes (For: Byoungjin Koo · Data Center Tec Ltd · Sibew Pty Ltd · NGD Aviation Limited)
- Representative
- Jared Tennant (For: Byoungjin Koo · Data Center Tec Ltd · Sibew Pty Ltd · NGD Aviation Limited)
Sibew Pty Ltd
- Representative
- Benjamin Drakes (For: Byoungjin Koo · Data Center Tec Ltd · Sibew Pty Ltd · NGD Aviation Limited)
- Representative
- Jared Tennant (For: Byoungjin Koo · Data Center Tec Ltd · Sibew Pty Ltd · NGD Aviation Limited)
Dmitry Vladimirovich Agramakov
- Representative
- Ricaldo Caines (For: Dmitry Vladimirovich Agramakov · ADV Business Development LLC · Denis Bolotov)
ADV Business Development LLC
- Representative
- Ricaldo Caines (For: Dmitry Vladimirovich Agramakov · ADV Business Development LLC · Denis Bolotov)
Denis Bolotov
- Representative
- Ricaldo Caines (For: Dmitry Vladimirovich Agramakov · ADV Business Development LLC · Denis Bolotov)
NGD Aviation Limited
- Representative
- Benjamin Drakes (For: Byoungjin Koo · Data Center Tec Ltd · Sibew Pty Ltd · NGD Aviation Limited)
- Representative
- Jared Tennant (For: Byoungjin Koo · Data Center Tec Ltd · Sibew Pty Ltd · NGD Aviation Limited)
Hamilton Reserve Bank Ltd
- Representative
- Tim Prudhoe KC (For: Hamilton Reserve Bank Ltd)
- Representative
- Nadia Chiesa (For: Hamilton Reserve Bank Ltd)
- Representative
- Iasha Usher (For: Hamilton Reserve Bank Ltd)
Eastern Caribbean Supreme Court, High Court of Justice, Nevis Circuit
- Judge
- Iain Morley KC
- 15 September 2026Saint Kitts and Nevis
15 September 2026Saint Kitts and Nevis
Ruling of the Eastern Caribbean Supreme Court, High Court of Justice, Nevis Circuit in NEVHCV2022/0133, NEVHCV2022/0161 and NEVHCV2025/0091 dated 15 September 2026
Eastern Caribbean Supreme Court, High Court of Justice, Nevis Circuit
- Decision summary
- On applications by ZNX, Selecta and INE and CHx Belize, the court referred BONI to the Nevis international banking regulator and Premier for consideration of revocation or suspension of its licence and ordered repayment of the claimants' sums under penal notices.
Participants
ZNX Ltd
- Representative
- Kurlyn Merchant (For: ZNX Ltd)
Selecta Insurance and Reinsurance Company (Caribbean) Ltd
- Representative
- Edisha Greene (For: Selecta Insurance and Reinsurance Company (Caribbean) Ltd)
International Natural Energy LLC
- Representative
- Michelle Slack Clarke (For: International Natural Energy LLC · CHx Belize LP)
CHx Belize LP
- Representative
- Michelle Slack Clarke (For: International Natural Energy LLC · CHx Belize LP)
Bank of New Innovation Ltd (BONI)
- Representative
- Nadia Chiesa (For: Bank of New Innovation Ltd (BONI))
- Representative
- Iasha Usher (For: Bank of New Innovation Ltd (BONI))
Eastern Caribbean Supreme Court, High Court of Justice, Nevis Circuit
- Judge
- Iain Morley KC
- 15 September 2026Saint Kitts and Nevis
15 September 2026Saint Kitts and Nevis
Ruling of the Eastern Caribbean Supreme Court, High Court of Justice, Nevis Circuit in NEVHCV2026/0013 dated 15 September 2026
Eastern Caribbean Supreme Court, High Court of Justice, Nevis Circuit
- Decision summary
- The court struck out Michael Prest and BONI's claim concerning two Director of Public Prosecutions press releases as premature, statute-barred and vexatious, and ordered costs to the defendants.
Participants
Michael Prest
- Representative
- Tim Prudhoe KC (For: Michael Prest · Bank of New Innovation Ltd (BONI))
- Representative
- Iasha Usher (For: Michael Prest · Bank of New Innovation Ltd (BONI))
Bank of New Innovation Ltd (BONI)
- Representative
- Tim Prudhoe KC (For: Michael Prest · Bank of New Innovation Ltd (BONI))
- Representative
- Iasha Usher (For: Michael Prest · Bank of New Innovation Ltd (BONI))
Director of Public Prosecutions of Saint Christopher and Nevis
- Representative
- Simone BullenThompson (For: Director of Public Prosecutions of Saint Christopher and Nevis · Attorney General of Saint Christopher and Nevis · Mark Kucher)
- Representative
- Kenetra Ramcharan (For: Director of Public Prosecutions of Saint Christopher and Nevis · Attorney General of Saint Christopher and Nevis · Mark Kucher)
Attorney General of Saint Christopher and Nevis
- Representative
- Simone BullenThompson (For: Director of Public Prosecutions of Saint Christopher and Nevis · Attorney General of Saint Christopher and Nevis · Mark Kucher)
- Representative
- Kenetra Ramcharan (For: Director of Public Prosecutions of Saint Christopher and Nevis · Attorney General of Saint Christopher and Nevis · Mark Kucher)
Mark Kucher
- Representative
- Simone BullenThompson (For: Director of Public Prosecutions of Saint Christopher and Nevis · Attorney General of Saint Christopher and Nevis · Mark Kucher)
- Representative
- Kenetra Ramcharan (For: Director of Public Prosecutions of Saint Christopher and Nevis · Attorney General of Saint Christopher and Nevis · Mark Kucher)
Eastern Caribbean Supreme Court, High Court of Justice, Nevis Circuit
- Judge
- Iain Morley KC