News, progress etc
22 January 2009
Certificate of Completion, dated 10 December 2008
available in the download section.
10 October 2008
Impending completion on 10 December 2008, see enclosed
letter, dated 10 October 2008.
November 2007
The scheme adjudicator, Peter Matthews of EMB Consultancy LLP has
withdrawn due to a conflict of interest and George Maher of Towers
Perrin has consented to act as the new scheme adjudicator. The scheme
actuary, Dan Sykes of KPMG has withdrawn due to new assignment and
been replaced by Philip Tippin of KPMG.
29 August 2007
The US Bankruptcy Court has approved the recognition petition of both
Oslo Re (UK) and Oslo Re ASA as foreign main proceedings (Chapter 15),
see enclosed Court order
July 2007
Filed petitions for recognition of foreign main proceedings
under Chapter 15 for Recognition of Foreign Proceedings in
the US, see enclosed documentation. Hearing to be held in
Room 610 of the United States Bankruptcy Court for the
Southern District of New York, on August 29, 2007 as 2.00 p.m.
25 June 2007
Following the sanction of the Oslo Re ASA and Oslo Re UK schemes we have released a letter containing time critical information to potential creditors. The letter is accompanied by a Claim Form to be used by creditors wishing to submit a claim before the Claims Submission Date, December 17, 2007. Both the letter and Claim Form can be downloaded from the document register on this page.   18 June 2007 The Oslo Re ASA scheme has been sanctioned on 13 June 2007, see enclosed sanction order, and both the Oslo Re ASA scheme and the Oslo Re UK scheme have been made effective on 18 June 2007.   12 June 2007 The Sanction Hearing for Oslo Re ASA will be held Wednesday 13 June 2007 at 11.30 am in Court 53 in The High Court, Royal Courts of Justice, Strand, London WC2A 2LL.   17 April 2007 The Oslo Re UK Scheme has been sanctioned and notice will be placed on the website and sent to creditors once the Scheme becomes effective, see enclosed Court Order The sanction hearing for Oslo Re ASA Scheme will, according to the Court Order, be held in the week commencing 11 June 2007.   16 April 2007 The Sanction Hearing for Oslo Reinsurance Company (UK) Ltd. will be held on Tuesday, 17 April 2007 (2pm Court 62) in the High Court, Royal Courts of Justice, Strand, London WC2A 2LL. The Sanction Hearing for Oslo Reinsurance Company ASA will be held in week 24, 2007.   02 April 2007 Following the results of the Creditor Meetings on February 12, 2007 the Scheme Companies will apply to the High Court for sanction of the Schemes. The application is expected to be heard on Tuesday 17 April 2007. When final date and time are available the website will be updated accordingly. The Chairman's Report, explaining the voting results in more detail, together with a revised Scheme document are included on the website.   12 February 2007 Scheme Creditor Meetings have been held. Details of any sanction hearing will be placed upon the website when they are known.   29 November 2006 The Court granted leave to convene the creditors on 12 February 2007 for scheme creditor voting. Please see enclosed documents.   29 November 2006 The leave to convene hearing for the schemes will be held at the Royal Courts of Justice, Strand, London, WCZA2LL.   27 September 2006 Please see our document 'Letter 270906.pdf'   28 August 2006 Practice Statement Letter issued