26 Jun 2006
FARMERS MUTUAL INSURANCE LIMITED V FMG INSURANCE LIMITED HC WN CIV-2006-485-966
- Citation
- openlaw-8ef51768_9984_4928_9c92_221706587097.pdf
- Court
- High Court
The Court sanctioned the arrangement because statutory requirements and notice directions were complied with, the scheme was fairly presented, classes were properly represented and acting bona fide, the actuarial evidence demonstrated no detriment (likely strengthened security) to New Zealand policyholders, there were no objections and an intelligent and honest business person would reasonably approve the transfer of NZ policies to FMG.