2 Dec 2013
RE THE PRUDENTIAL ASSURANCE COMPANY LTD
- Citation
- RE THE PRUDENTIAL ASSURANCE COMPANY LTD
- Court
- Court of First Instance
- Case number
- HCMP2027/2013
The court found the statutory preconditions under s24 satisfied, gave decisive weight to the independent actuaries' report and the Insurance Authority's non‑objection, concluded objections did not show any material adverse effect or unfairness to any class of policyholders, and held that amendment mechanisms consistent with s25(1)(e) were permissible; accordingly the scheme was fair and sanctioned.