Access to European Union law
<a href="https://eur-lex.europa.eu/content/help/eurlex-content/experimental-features.html" target="_blank">More about the experimental features corner</a>
Choose the experimental features you want to try
EUR-Lex
Access to European Union law

This document is an excerpt from the EUR-Lex website

You are here
Use quotation marks to search for an "exact phrase". Append an asterisk (*) to a search term to find variations of it (transp*, 32019R*). Use a question mark (?) instead of a single character in your search term to find variations of it (ca?e finds case, cane, care).
Search tips
Need more search options? Use the Advanced search

Document 52020XC0214(01)

    Winding-Up Proceedings Winding-up proceedings in respect of Elite Insurance Company Limited

    PUB/2020/63

    OJ C 51, 14.2.2020, p. 5–5 (BG, ES, CS, DA, DE, ET, EL, EN, FR, HR, IT, LV, LT, HU, MT, NL, PL, PT, RO, SK, SL, FI, SV)

    14.2.2020   

    EN

    Official Journal of the European Union

    C 51/5

    Winding-Up Proceedings

    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))

    (2020/C 51/04)

    Insurance undertaking

    Elite Insurance Company Limited

    Address of registered office:

    Suite 23, Portland House,

    Glacis Road,

    GIBRALTAR

    Date, entry into force and nature of decision

    On 11 December 2019, the Supreme Court of Gibraltar appointed (with immediate effect) Mr Edgar Charles Lavarello and Mr Dan Yoram Schwarzmann of PricewaterhouseCoopers as Joint Administrators of Elite Insurance Company Limited under the Insolvency Act 2011.

    The Joint Administrators shall manage the business, assets and affairs of the company and will have the power to perform their functions in order to meet the statutory objectives in section 46 of the Insolvency Act.

    The Joint Administrators will coordinate with the Financial Services Compensation Scheme in the United Kingdom to ensure that the claims of eligible UK policyholders are processed and submitted to the Compensation Scheme. The Joint Administrator’s will also investigate the potential for compensation for policyholders in other European jurisdictions.

    In addition, the Joint Administrators will review unprotected insurance claims for the admission of such claims in the estate. Any distribution to insurance creditors may only occur if there has been a successful realisation of assets.

    Entry into force: 11 December 2019

    Competent authorities

    Supreme Court of Gibraltar

    The Law Courts

    227 Main Street

    GIBRALTAR

    Supervisory authority

    Gibraltar Financial Services Commission

    Suite 3, Ground Floor

    Atlantic Suites

    Europort Avenue

    PO Box 940

    GIBRALTAR

    Administrators appointed

    Edgar Charles Andrew Lavarello

    PricewaterhouseCoopers

    327 Main Street,

    GIBRALTAR

    Dan Yoram Schwarzmann

    PricewaterhouseCoopers LLP

    1 Embankment Place,

    London

    WC2N 6RH

    UNITED KINGDOM

    Applicable law

    Gibraltar law

    Insolvency Act 2011

    Companies Act 2014
    Top