Published On: Wed, Nov 29th, 2017

Court forbids WIB to charge license fee to Travel Planners

Law theme, mallet of judge, wooden gavel

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.


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.