South of England P&I Club loses liquidation battle
The South of England P&I protection and indemnity club has been put into liquidation after a bitter court battle with the Bermuda Monetary Authority (BMA) over its solvency and corporate governance.
On Tuesday (22 November), a judge ruled that the provisional liquidation order against the independent specialty marine mutual should be upheld, and that the club should be wound down.
A provisional order was issued on 12 October after the Bermuda Monetary Association (BMA) raised concerns over its solvency, but...
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