Newsletter No. 16

Interim report of the liquidator (as at 31 December 2022)

The liquidator has prepared an updated interim report as at 31 December 2022 on the progress made so far in the bankruptcy proceedings of Gable Insurance AG in liquidation. The report is now available in German, English, French and Italian on our website for viewing and downloading.

The liquidator thus fulfils its obligation according to the Insurance Supervision Act, whereby policyholders and other creditors must be regularly kept updated about the bankruptcy proceedings. Further interim reports will be uploaded in due course on the aforementioned website.

Progress with regard to the examination of registered claims

Due to the progress made with regard to the examination of registered claims, the liquidator applied to the Princely Court of Justice in Vaduz (Bankruptcy Court) for another continuation of the General Review Hearing. In this context, the liquidator deems that, at the next continuation of the General Review Hearing, a declaration can be made to the Bankruptcy Court on the correctness and order of precedence of about 800 of the approximately 1,200 currently registered claims which have not yet been examined or completely examined. At the previous General Review Hearings held in December 2018, September 2020 and December 2021 the liquidator made a declaration in respect of 12,527 registered claims.

Furthermore, creditors of the bankrupt company may continue to register their claims with the liquidator prior to the completion of the General Review Hearing without detrimental effects.

Continuation of the General Review Hearing on 26 May 2023

The General Review Hearing (continuation of the review hearing) has been scheduled for Friday, 26 May 2023, 09:00 am at Liechtenstein’s Princely Court of Justice (Landgericht), courtroom 4, in Vaduz. The court order announcing the hearing is now available in German, English, French and Italian on our website.