Gefion Eyes Court Hearing To Permanently Lift Expansion Ban
Law360, London (October 31, 2019, 5:30 PM GMT) -- Danish insurer Gefion is preparing for a court hearing on whether the temporary lifting of a ban on business expansion can become finalized, its chief executive told Law360 on Thursday.
Gefion was ordered in July by the Danish Financial Supervisory Authority not to expand its business volume over concerns about its corporate governance and capital buffers. Gefion appealed the ban before the Danish Business Appeal Board, which granted a temporary reprieve from the ruling on Sept. 23 pending a final hearing to be held at an unspecified date.
The Copenhagen-based unrated insurer, which has significant business in the U.K. through managing general...
Stay ahead of the curve
In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.
Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
Create custom alerts for specific article and case topics and so much more!