14 Dec 2020
RE FWD LIFE INSURANCE CO (BERMUDA) LTD AND ANOTHER
- Citation
- [2020] HKCFI 3049
- Court
- Court of First Instance
- Case number
- HCMP1440/2020
The scheme was sanctioned because the statutory conditions under section 24 were satisfied, the Independent Actuary and appointed actuaries concluded there would be no material adverse effect on policyholders' reasonable benefit expectations or financial security, the Insurance Authority had no objection, regulatory approvals were in place and the scheme as a whole was fair between affected classes; accordingly ancillary relief under section 25 was appropriate to give full effect to the transfer.