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US court throws out Condor Insurance liquidators’ recovery action, HLB Galanis Bain provides audit for Bahamas spin-off

The liquidators of St. Kitts & Nevis-domiciled Condor Insurance, Ltd. have suffered a setback in their attempt to recover assets with a face value of US$313 million they claim were fraudulent transferred to a Bahamas-domiciled mirror company so that they could not be used to satisfy creditors’ claims.