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Document 52019XC0226(01)
Winding-up proceedings — Decision to start winding-up proceedings in respect of Elite Insurance Company Limited (Publication made in accordance with Article 280 of Directive 2009/138/EC of the European Parliament and of the Council on the taking-up and pursuit of the business of Insurance and Reinsurance (Solvency II))
Winding-up proceedings — Decision to start winding-up proceedings in respect of Elite Insurance Company Limited (Publication made in accordance with Article 280 of Directive 2009/138/EC of the European Parliament and of the Council on the taking-up and pursuit of the business of Insurance and Reinsurance (Solvency II))
Winding-up proceedings — Decision to start winding-up proceedings in respect of Elite Insurance Company Limited (Publication made in accordance with Article 280 of Directive 2009/138/EC of the European Parliament and of the Council on the taking-up and pursuit of the business of Insurance and Reinsurance (Solvency II))
OJ C 73, 26.2.2019, p. 6–6
(BG, ES, CS, DA, DE, ET, EL, EN, FR, HR, IT, LV, LT, HU, MT, NL, PL, PT, RO, SK, SL, FI, SV)
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26.2.2019 |
EN |
Official Journal of the European Union |
C 73/6 |
Winding-up proceedings
Decision to start winding-up proceedings in respect of Elite Insurance Company Limited
(Publication made in accordance with Article 280 of Directive 2009/138/EC of the European Parliament and of the Council on the taking-up and pursuit of the business of Insurance and Reinsurance (Solvency II))
(2019/C 73/07)
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Insurance undertaking |
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Date, entry into force and nature of decision |
On 31 January 2019, the Supreme Court of Gibraltar made an order (with immediate effect) appointing Mr Steven Ryland, director of Elite Insurance Company Limited, to take steps to design and implement an arrangement under Part VIII Companies Act 2014 so that Elite Insurance Company Limited may realise its assets and distribute the proceeds of such realisation to the creditors, shareholders or members of the Company as appropriate to manage and run off its existing policyholder liabilities. Entry into force: 31 January 2019 |
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Competent authorities |
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Supervisory authority |
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Administrator appointed |
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Applicable law |
Gibraltar law Insolvency Act 2011 Companies Act 2014 |