CBL administrators adjourn watershed meeting on voting stalemate

Fri, 18 May 2018

By Rebecca Howard May 18 (BusinessDesk) - CBL Corp's voluntary administrators adjourned a watershed meeting today when it became clear there would be a voting stalemate on whether to put the company into liquidation or hand control back to its directors. Auckland-based CBL appointed KordaMentha voluntary administrators in early March after the Reserve Bank sought an interim liquidation of its New Zealand supervised arm and the Central Bank of Ireland made a similar move against the insurer's European division. Voluntary administrators...

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