On July 14, 2009, the Ontario Superior Court of Justice released its decision in Canada (Attorney General) v. Reliance Insurance Company, an application regarding the allocation of surplus arising from the liquidation of the Canadian branch (Reliance Canada) of U.S.-based Reliance Insurance Company (Reliance U.S.), a property and casualty insurer that was itself in liquidation.
Filed under:
Canada, Ontario, Insolvency & Restructuring, Insurance, Litigation, Stikeman Elliott LLP, Dividends, Interest, Reinsurance, Liquidation, Substantive law, Liquidator (law), Office of the Superintendent of Financial Institutions (Canada), KPMG, Minister of Justice (Canada), Ontario Superior Court of Justice, Commonwealth Court of Pennsylvania
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