Court blocks CBL Insurance deal
Transaction with Gibraltar firm beyond interim liquidators’ powers, says judge.
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The High Court has rejected a proposal by the interim liquidators of CBL Insurance seeking to pay out 85% of its cash, plus certain other assets, to get rid of its biggest reinsurance liabilities.
In a ruling issued to the public this afternoon Justice Patricia Courtney said the commutation
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Tim Hunter
Mon, 01 Oct 2018
Mon, 01 Oct 2018
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Court blocks CBL Insurance deal
Business,
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