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Hot Topic Reporting season
Hot Topic Reporting season
Law
3 mins to read

CBL’s $45m Danish payment ruled voidable transaction

Collapsed insurer's liquidators had brought clawback claim over payment made to Alpha Insurance in days before interim liquidators were appointed.

NBR Staff Fri, 19 Apr 2024

The liquidators of collapsed insurer CBL have succeeded in arguing €25.4 million ($45m) paid to Denmark in the days before interim liquidators were appointed are voidable transactions.

Last November, the High Court at Auckland heard arguments over whether a €25m payment to Alpha Insurance in

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NBR Staff Fri, 19 Apr 2024
Contact the Writer: editor@nbr.co.nz
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CBL’s $45m Danish payment ruled voidable transaction
Law,
103705
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