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Gov’t wins its bid to appoint provisional liquidators to preserve CLF assets

Clico Policyholders group President, Peter Permell says the appointment of liquidators does not necessarily mean the court is winding down the matter.

There’s news today that government has won its bid to appoint provisional liquidators who will now take custody of the assets of CL Financial.

The ruling means that decision of High Court Judge Kevin Ramcharan, who had rejected the Government’s application last week, has been reversed.

Speaking on the matter this morning, Mr. Permell said nothing can be done in terms of disposal of CL Financial assets.

 

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