Ex-Enterprise non-exec chairman Nick Cruz sues Gibraltar regulator for libel

Rock of Gibraltar

Nick Cruz, former non-executive chairman of collapsed provider Enterprise Insurance, has launched libel proceedings against the Gibraltar Financial Services Commission (GFSC).

The claim was filed at the Supreme Court of Gibraltar on 30 November 2018 and mainly relates to a press release published by the GFSC on 26 October 2016.

Gibraltar-based insurer Enterprise was ordered to stop writing new business on 25 July 2016 and called in administrators in September the same year.

The liquidator’s

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