CBL liquidation 'the only hope'
FMA says its options would be reduced under deed of company arrangement.
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Legal advice provided to shareholders of stricken insurer CBL says it’s better to appoint a liquidator than proceed with voluntary administration if litigation has a good chance of success.
However, shareholders may have just days to act.
Shareholders in NZX-listed CBL, which was valued at
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Tim Hunter
Fri, 04 May 2018
Fri, 04 May 2018
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CBL liquidation 'the only hope'
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