Insurer dissolution, liquidation and bankruptcy – International Law Office (registration)

Liquidation

Dissolution and liquidation Bankruptcy Penalties On December 11 2015 the Indonesian Financial Services Authority (OJK) enacted Regulation 28/POJK.05/2015 concerning the Dissolution, Liquidation and Bankruptcy of Insurance Companies, Sharia Insurance Companies, Reinsurance Companies and Sharia Reinsurance Companies. The regulation was authorised by Articles 42(4), 44(3), 45(3) and 51(4) of Law 40/2014 concerning Insurance, which require…

Baha Mar Companies Put In Full Liquidation – Bahamas Tribune

Liquidation

By NEIL HARTNELL Tribune Business Editor [email protected] Seven Baha Mar companies have now been placed into full liquidation by the Supreme Court, prompting a well-known QC to say he cant understand the legal strategy pursued by original developer, Sarkis Izmirlian. Justice Ian Winder last week appointed Baha Mars joint provisional liquidation team Bahamian accountant Ed…

Voluntary Administration Experts Help Through Insolvency And Liquidation – Industry Today (press release)

Liquidation

The whole idea is to allow businesses facing economic hardships to restructure and survive. It is intended to give the business some time to restructure without having to battle with the suppliers, creditors, landlords etc. Insolvency and liquidation can be a very traumatic time for the senior officials of any company. Not only does insolvency…

Altfin Life Assurance Company Limited liquidated – Bulawayo24 News (press release) (blog)

Liquidation

The Altfin Life Assurance Company Limited has been liquidated as the Zimbabwean economic crisis continue to bite forcing many companies out of business. The Altfin Life Assurance Company Limited liquidation was announced by the Insurance and Pensions Commission (IPEC) advising stakeholders of the fall of business of the company. “The Insurance and Pensions Commission…

Australia’s largest potato supplier Oakville sold, majority assets taken over by South Australian Mitolo Group – ABC Online

Liquidation

Peak vegetable industry body AUSVEG says the sale of Australia’s largest fresh potato supplier should give growers confidence after months of uncertainty. South Australian-based Oakville Produce went into voluntary administration in May. Deloitte Restructuring Service partners Vaughan Strawbridge, David Lombe and Tim Heenan were appointed joint receivers and managers of the Oakville Produce…

Sound insolvency regime, key factor for devt BRIPAN – Vanguard

Liquidation

The Business Recovery & Insolvency Practitioners Association of Nigeria (BRIPAN) has said that a sound insolvency regime and effective dispute resolution process are the key factors for development in any nation. Speaking at the BRIPAN 2016 International Conference with the theme: Nigerias Changing Economy And Emerging Issues In Restructuring And Insolvency, President, BRIPAN, Mr. Sola…

Government Appoints Four Nominees To Insolvency And Bankruptcy Board: Report – NDTV

Liquidation

New Delhi: The government has appointed four nominees, including two joint secretaries, to the Insolvency and Bankruptcy Board of India (IBBI). M S Sahoo, who has served as member of fair trade regulator CCI (Competition Commisstion of India) and markets watchdog Sebi, took charge as IBBI chairperson on Saturday. Sources said four government nominees have…