Scottish Re Group Limited has commenced implementation of a sale and restructuring plan for its Cayman Islands subsidiary, Scottish Annuity & Life Insurance Company (Cayman) Ltd. (SALIC), and SALICs U.S. subsidiary, Scottish Holdings, Inc. (SHI), on January 28, 2018.
The sale and restructuring plan is being implemented through the commencement by SALIC and SHI of U.S. Chapter 11 proceedings in the United States Bankruptcy Court of Delaware on January 28, 2018 (the SALIC/SHI Ch…
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