Re Osiris Insurance Ltd

JurisdictionEngland & Wales
Year1999
Date1999
CourtChancery Division
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15 cases
  • Re Colonia Insurance (Ireland) Ltd
    • Ireland
    • High Court
    • 15 March 2005
    ...to seek guidance and assistance from other jurisdictions. I find the judgment of Neuberger J. in Re Osiris Insurance Limited [1999] 1 B.C.L.C. 182 particularly 8The functions of the court in considering whether to sanction a scheme are succinctly set out in a passage (which is derived from ......
  • Re:Ballantyne RE Plc & The Companies Act 2014
    • Ireland
    • High Court
    • 6 June 2019
    ...59 Mr. Justice Kelly then cited with approval the judgment of Mr. Justice Neuberger in the case of Re Osiris Insurance Limited [1999] 1 B.C.L.C. 182 (‘ Osiris Insurance’). Having done so, he then set out five criteria which Mr. Justice Kelly felt had to be satisfied in order to sanction th......
  • Re Millstream Recycling Ltd
    • Ireland
    • High Court
    • 9 March 2010
    ...PARTIES (RIGHTS AGAINST INSURERS) ACT 1930 SOVEREIGN LIFE ASSURANCE CO (IN LIQUIDATION) v DODD 1892 2 QB 573 OSIRIS INSURANCE LTD, IN RE 1999 1 BCLC 182 COLONIA INSURANCE (IRL) LTD 2005 1 IR 497 2005/11/2388 2005 IEHC 115 COMPANIES ACT 1963 S202(4) PAN ATLANTIC INSURANCE CO LTD, IN RE 2003......
  • Petition Of The Scottish Lion Insurance Company Limited V. Goodrich Corporation And Others
    • United Kingdom
    • Court of Session
    • 29 January 2010
    ...Co v Robinow 1971 SC 11, per Lord President Clyde at pp 3 - 14). It included solvent insurance schemes (Re Osiris Insurance Ltd [1999] 1 BCLC 182). It was impractical to expect companies to seek individual consent from each creditor (In re Guardian Assurance Company, per Warrington LJ at p ......
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4 books & journal articles
  • Schemes of arrangement
    • United Kingdom
    • Wildy Simmonds & Hill Law of Insolvent Partnerships and Limited Liability Partnerships Contents
    • 29 August 2015
    ...fairness of the scheme was closely scrutinised. The establishment of the scheme was regarded as necessary 81 Re Osiris Insurance Ltd [1999] 1 BCLC 182 (35 out of 971 creditors attended but they collectively held 41% of the claims); Re British Aviation Insurance Co Ltd [2005] EWHC 1621 (Ch),......
  • Table of Cases
    • Bermuda
    • Wildy Simmonds & Hill Offshore Commercial Law in Bermuda - 2nd Edition Preliminary Sections
    • 30 August 2018
    ...Cayman Islands Grand Ct 24.36 Orient Petroleum International Ltd, Re [2009] CILR 689, Cayman Islands 10.24 Osiris Insurance Ltd, Re [1999] 1 BCLC 182, ChD 10.33, 18.27 Owens Bank Ltd v Bracco (Nos 1 and 2) [1992] 2 AC 443, [1992] 2 WLR 621, [1992] 2 All ER 193, HL 23.47, 23.86 Owens Bank Lt......
  • Arrangements, Amalgamations, Mergers and Re-domestications
    • Bermuda
    • Wildy Simmonds & Hill Offshore Commercial Law in Bermuda - 2nd Edition Part II. Establishing offshore vehicles
    • 30 August 2018
    ...Scottish and Australian Chartered Bank [1893] 3 Ch 385, 409; the Bermuda court also referred with approval to Re Osiris Insurance Ltd [1999] 1 BCLC 182, 189, and Gabriel Moss QC in Moss et al (eds), Cross-Frontier Insolvency of Insurance Companies (Sweet & Maxwell, 2001), p 16. 15 Re Domini......
  • Restructuring Insolvent Companies in Bermuda
    • Bermuda
    • Wildy Simmonds & Hill Offshore Commercial Law in Bermuda - 2nd Edition Part III. Commercial dispute resolution
    • 30 August 2018
    ...Chartered Bank [1893] 3 Ch 385, esp at 407–409 per Lindley LJ, 414–415 per Lopes LJ and 420 per AL Smith LJ. 12 Re Osiris Insurance Ltd [1999] 1 BCLC 182, 190a. 13 See, e.g. Re Heron International NV [1994] 1 BCLC 667, esp at 675d–f per Sir Donald Nicholls V-C; White Book , 1999, 102/4/60. ......

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