CBL liquidation 'the only hope'
FMA says its options would be reduced under deed of company arrangement.
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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