KordaMentha places insurer CBL Corp in voluntary administration – The Australian Financial Review

Liquidation

NZX and ASX-listed insurer CBL Corp is in voluntary administration and has appointed KordaMentha “to preserve value in the interest of all stakeholders” after regulatory issues linked to its European businesses escalated. The New Zealand High Court made orders appointing McGrath Nicol  interim liquidator of CBL Insurance following an application made by the Reserve Bank of New Zealand, the insurance…

Carillion: Former director ‘dumped’ shares in bankrupt construction company at first possible moment – The Independent

Liquidation

1/52 25 February 2018 Victims of the Northern Ireland Troubles come together to take part in the Time for truth march through Belfast city centre against the stalled efforts in dealing with Northern Ireland’s legacy issues. Rex 2/52 24 February 2018 Oxford University Boat Club race in preparation for The Cancer Research UK Boat Race…

Insurance company CBL goes into voluntary administration – Radio New Zealand

Liquidation

Embattled insurance company CBL Corporation has put itself into voluntary administration to protect itself from the fallout of its troubled European business. (file photo) Photo: 123rf The company, which provides specialist insurance for the construction industry, said KordaMentha had been appointed as voluntary administrators for the New Zealand parts of the CBL group. “The directors…

BCL Group collapse hits WA subcontractors with big debts in fresh blow for building industry – ABC Online

Liquidation

West Australian subcontractors have been saddled with further debts totalling hundreds of thousands of dollars after major civil landscaping company BCL Group went into liquidation. The Wangara-based company’s collapse comes as the latest blow to the construction sector, after Cooper and Oxley and Choice Living both went into administration in the past month. BCL…

CBL Corporation enters Voluntary Administration – Scoop.co.nz (press release)

Liquidation

Monday, 26 February 2018, 9:57 amPress Release: KordaMentha KordaMentha New Zealand partners Brendon Gibson and Neale Jackson were appointed Voluntary Administrators by the Board of CBL Corporation Ltd (and certain of its subsidiaries) on 23 February 2018. Administrator Brendon Gibson said: We are working closely with CBLs management and its directors to execute strategies that…

CBL Corporation goes into voluntary administration – New Zealand Herald

Liquidation

NZX-listed CBL Corporation has appointed voluntary administrators to prevent other regulators from taking action after the Reserve Bank moved to have interim liquidators take charge of its subsidiary CBL Insurance, managing director Peter Harris says. “That means that everything from hereon operates under a protective umbrella of voluntary administration,” Harris told the Herald. Harris said…