CBL ‘set-off’ for mystery Samoan bank deposit
A draft restructuring plan hints at scheme to salvage value.
A mysterious bank deposit in Samoa, cited in the Reserve Bank’s application to liquidate CBL Insurance, appears to be a part of a draft restructuring plan drawn up by two of the stricken insurer’s directors.
When the Reserve Bank sought interim liquidation for CBLI it expressed concern that some
Want to read more? It's easy.
Choose your best value subscription option
Individual
Group membership
NBR Marketplace
Yearly Premium Online Subscription
NZ$499.00 / yearly
Monthly Premium Online Subscription
NZ$44.95 / monthly
Smartphone Only Subscription
NZ$24.95 / monthly
Premium Group Membership 10 Users
NZ$350+GST / monthly
$35 per user - Pay by monthly credit card debitPremium Group Membership 20 Users
NZ$600+GST / monthly
$30 per user - Pay by monthly credit card debitPremium Group Membership 50 Users
NZ$1250+GST / monthly
$25 per user - Pay by monthly credit card debitPremium Group Membership 100 Users
NZ$1875+GST / monthly
$18.75 per user - Pay by monthly credit card debitYearly Premium Online Subscription + NBR Marketplace
NZ$499.00 / yearly
Already have an account? Login
Tim Hunter
Tue, 03 Jul 2018
Tue, 03 Jul 2018
© All content copyright NBR. Do not reproduce in any form without permission, even if you have a paid subscription.
CBL ‘set-off’ for mystery Samoan bank deposit
75627