In the matter of Premier Assurance Group SPC Ltd - Sanction Application [2021] CIFsd 52 (10 September 2021)

The court found that the statutory requirements for sanction were satisfied and that the scheme was fair and reasonable, and therefore sanctioned the scheme.

Source-derived case information.

Citation: [2021] CIFsd 52
Parties: Applicant: Premier Assurance Group SPC Ltd
Jurisdiction: Cayman Islands
Judgment Date: 10 September 2021
Procedural Posture: Sanction Application / Judgment
Outcome: scheme sanctioned
Legal Topics: Sanction of Scheme, Winding Up, Insurance Company

Company Law Insolvency Sanction of Scheme Winding Up Insurance Company

Source-derived case record

Summary, issues, holding and outcome

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Full judgment text Downloadable case file Legal principles 1 Authorities cited 2 Party arguments 2

Parties

Premier Assurance Group SPC Ltd

Applicant

Procedural Posture

Sanction Application / Judgment

Legal Issues

1 Whether the court should sanction the proposed scheme for Premier Assurance Group SPC Ltd
2 Whether the statutory requirements for sanction are satisfied

Ratio Decidendi

The court found that the statutory requirements for sanction were satisfied and that the scheme was fair and reasonable, and therefore sanctioned the scheme.

Court Disposition

scheme sanctioned

Orders

The scheme of arrangement is sanctioned as proposed.

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