CBL appoints voluntary administrators to 'preserve value' after interim liquidation

Sun, 25 Feb 2018

By Paul McBeth Feb. 26 (BusinessDesk) - NZX-listed CBL Corp has appointed voluntary administrators to "preserve value" after the Reserve Bank won a court order to place subsidiary CBL Insurance in interim liquidation on Friday. KordaMentha's Brendon Gibson and Neale Jackson have been appointed voluntary administrators of CBL Corp and a raft of subsidiaries, following Friday's order to appoint interim liquidators to subsidiary CBL Insurance at the request of its prudential supervisor. CBL said its directors considered the appointments...

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