10 Sept 2010
RE HIH CASUALTY & GENERAL INSURANCE LTD (IN LIQUIDATION) AND FAI (NZ) GENERAL INSURANCE COMPANY (IN LIQUIDATION) HC AK CIV 2009-404-003637
- Citation
- openlaw-3d82edd5_5664_4a41_a706_eb5375b05212.pdf
- Court
- High Court
Court granted directions under s284 permitting the liquidators to give specified notice, fix 1 March 2011 as the final date for creditor claims, provisionally estimate contingent and unliquidated claims subject to a specified review and appeal process, confirm valuation of policies assumed under portfolio assumption at zero, require creation of a $2,500,000 trust to meet Weathertight Homes Act claimants filed after 1 March 2011 up to 1 March 2013, and thereafter permit distributions and termination of the liquidations.