EMLICO battle goes to Privy Council

By David Marchant

27 years ago

Topics

Bermuda Insurance Legal Liquidations & Insolvencies

Keywords

Bermuda Insurance Market Electric Mutual Liability Insurance Company Limited EMLICO General Electric Kemper Re

Privy Council

[ 1 more... ] [ top 5 ]

The complicated legal battle over whether General Electric-subsidiary Electric Mutual Liability Insurance Company Limited should be liquidated in Massachusetts or Bermuda is scheduled to be heard by the Privy Council in London – the highest court in Bermuda’s judicial system – next month.In an added twist to a drama whose circumstances change on a regular basis, Kemper Re brought, on February 20, its second lawsuit at Bermuda Supreme Court challenging the decision to allow EMLICO to redomicile to Bermuda.

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