Background On 17 November 2016, Gable Insurance AG (“Gable AG”) (a Liechtenstein insurance company) went into liquidation.  This followed a formal order that had been issued to Gable AG on 7 September 2016 by the Liechtenstein Financial Market Authority (“FMA”) to stop writing insurance over concerns with Gable AG’s financial position.  Gable AG was also […]

1.    In the English version of Memorandum No. 2 we used the term “to settle the claims”. This wording includes the handling of the claims without payment authority. Claims handlers may deal with claims and agree upon them, albeit up to the specific value stipulated in the former contracts with Gable Insurance AG. 2.    Insofar […]

In its capacity as the Trustee in Bankruptcy in conjunction with the bankruptcy pro-ceedings brought in respect of the assets of Gable Insurance AG, the law firm BATLINER WANGER BATLINER Rechtsanwälte AG has decided, following con-sultation with the Bankruptcy Court, that up until the opening of the bankruptcy proceedings the existing claims settlement system is […]