Liquidator caught in CBL crossfire
Court declaration sought in battle over creditor claims.
Tim Hunter
Fri, 27 Sep 2019
A “genuine threat of multiple proceedings” has forced a Singapore liquidator to seek a court ruling on the validity of loan guarantees covering $S138.8 million ($160m) owed by failed insurer CBL to its bankers, ANZ, ICBC and Bank of China.
NZX-listed CBL collapsed in February last year over
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Tim Hunter
Fri, 27 Sep 2019
Contact the Writer: thunter@nbr.co.nz
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Liquidator caught in CBL crossfire
Business,
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