CBL Corp’s watershed meeting adjourned again: administrators

Mon, 05 Nov 2018

By Margreet Dietz Nov. 6 (BusinessDesk) - CBL Corp’s voluntary administrators have received High Court approval to further adjourn the watershed meetings, pending resolution of the status of the failed group's insurance unit. Auckland-based CBL appointed KordaMentha voluntary administrators in 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. The administrators had previously sought to align the dates...

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