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SAFE WIND DOWN SCHEME APPROVED FOR MUNICIPAL MUTUAL

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The High Court has just approved the 'Scheme of arrangements' for Municipal Mutual Insurance, aimed at ensuring the...
The High Court has just approved the 'Scheme of arrangements' for Municipal Mutual Insurance, aimed at ensuring the company does not become insolvent as it winds down and settles outstanding claims, writes Richard Vie, L/C's Finance Correspondent.

The scheme comes into effect on Friday once it has been lodged with the Department of Trade and Industry.
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