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McGrathNicol > administrations > hih new zealand
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corporate advisory
McGrathNicol
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McGrathNicol Corporate Recovery is a market leader
with extensive experience in providing voluntary administrations and deeds of
company arrangement, receiverships, creditors voluntary liquidations, members
voluntary liquidations and court liquidations.
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Company Name: HIH
Casualty and General Insurance (NZ) Limited
(“C&G NZ”)
FAI (NZ)
General Insurance Company Limited
(“FAI NZ”)
Administration
Type: Court
Liquidation
Date of Appointment Kerryn
Mark Downey and Alan Raymond Isaac were appointed interim liquidators of
C&G NZ on 6 June 2001 and permanent liquidators on 19 July 2001.
Kerryn
Mark Downey and Alan Raymond Isaac were also appointed liquidators of FAI NZ on
31 August 2001.
Alan
Raymond Isaac was replaced as liquidator of both C&G NZ and FAI NZ by
William Guy Black following formation of McGrathNicol on 1 August 2004.
In
November 2003 directions from the court were obtained to permit interim
distributions to creditors of record.
The
liquidators are currently seeking court directions to implement a liquidation
scheme to address potential long-tail claims with respect to the FAI NZ books
of business. The directions hearing
is listed to be heard before Associate Judge Faire in the Auckland High Court
on 23 November 2009.
>
Creditor Information
>
Liquidator Reports
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