Elite challenged Gibraltar regulator in court
The insurer, which recently stopped writing new business, challenged regulatory interventions by the Gibraltar Financial Services Commission.
Elite, which stopped writing new business on July 4 2017, has challenged the Gibraltar regulator in court over interventions ahead of its closing to new business and going into run-off.
The Gibraltar Financial Services Commission (GFSC) said in a statement: “There have been a series of court proceedings in Gibraltar relating to Elite involving challenges to regulatory interventions by the GFSC and proceedings issued by the GFSC.
“The Gibraltar Supreme Court imposed confidentiality orders over
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