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Legal victory for Mentor liquidators against Ambassador Insurance

In a ruling that has implications for all schemes of arrangement in Bermuda, the liquidators of Mentor Insurance have won an important victory in the highest court of Bermuda’s legal system – the Privy Council in London.The Privy Council ruled this month in Mentor’s favour in a case against Ambassador Insurance Company by determining that the courts have no jurisdiction to extend the deadline for the submissions of appeals against claims previously rejected by the scheme administrator and also for the filing of the original claims.