UPDATE: CBL Insurance placed in liquidation

Mon, 12 Nov 2018

(updates with comment from the Reserve Bank beginning in paragraph five) By Rebecca Howard Nov. 12 (BusinessDesk) - CBL Insurance, a subsidiary of CBL Corp, has been placed in liquidation by the Auckland High Court, against the recommendation of the voluntary administrators. "The administrators had been working to secure a restructuring proposal that could be implemented through a voluntary administration of CBLI, to avoid it being placed into liquidation," Brendon Gibson and Neale Jackson of KordaMentha said in a statement. "In...

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