Court forbids WIB to charge license fee to Travel Planners
PHILIPSBURG – In a landmark decision, the Court in First Instance has instructed the Windward Islands Bank (WIB) Ltd. to no longer charge a 1 percent license fee over international transfers it executes for travel agency Travel Planners.
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Exclusive for our paying subscribers, please login here to read the rest of this news article. This is a landmark judicial decision that will have significant impact on the banking sector in St. Maarten. If you do not already have a paid subscription, you will need to register here and pay for a subscription first in order to gain access to our website to read the rest of this news report about the court ordering WIB not to charge Travel Planners the 1% transfer license fee. You need to buy at least a Day subscription for 25ct to gain access. Or log in first if you are already a registered paying subscriber to this website. Click here to register and support our work with a paid subscription.
