CBL liquidators seek clawback of €54m

Mon, 09 Dec 2019

The liquidators of failed insurer CBL have identified €53.7 million in voidable transactions which they are seeking to recover from the company’s Irish subsidiary. BusinessDesk can reveal the liquidators are pursuing legal action against CBL Insurance Europe DAC, which is presently in administration. The European subsidiary moved into administration in March 2018 on the application of the Central Bank of Ireland. Kare Johnstone and Andrew Grenfell from accounting firm McGrathNicol were appointed to the CBL liquidation in November 20...

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