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Judgment

In the Matter of Ansbacher (Cayman) Ltd - Judgment

G 0465/2006 · 2006-12-04

Companies Law; Capital reduction; Creditor protection; Professional indemnity insurance; Court discretion

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In the Grand Court of the Cayman Islands — Civil Division
Cause No. G 0465/2006
In the Matter of Ansbacher (Cayman) Ltd - Judgment
Before
Levers J
Judgment delivered 2006-12-04

IN CHAMBERS
IN THE GR

The power to reduce is found in Article

amount of capital in the Company now that

The Companies Creditors

The evidence before

The Company submits that the interests of the

Mr. Emil George, QC on behalf

"The Burke Beneficiaries are contingent creditors

“Ansbacher has stated at paragraph

I agree with Mr. Jones, in

prevent any prejudice to the Burkes in

As in all matters of this nature,

companies which were first notified to the insurance

concerns were based around the insurance

cover the liability. Ansbacher group

grant the order for the confirmation of the

advertised in the Gazette and in those

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