The company’s head office.
WILLEMSTAD–Curaçao-based insurance firm ENNIA has started liability proceedings against its Persian-American shareholder and billionaire Hushang Ansary.
The mega case is aimed at ENNIA owner Parman Group, Ansary himself, his daughter Nina, his right-hand Abdallah Andraous as well as former ENNIA directors Ralph Palm and Gijs van Doorn. The company currently under emergency rule of the Central Bank of Curaçao and St. Maarten (CBCS) wants to see back at least 700 million Netherlands Antillean guilders.
Earlier, ENNIA and CBCS had already managed to get around NAf. 500 million, which was parked at Merrill Lynch in the US, largely available again and under control of the local financial institution. The long-term solvency deficit, partly as a result of “unlawful withdrawals and conduct,” must be eliminated, but this does not mean that there is a liquidity shortage. According to the Central Bank, ENNIA can meet all payment obligations.
This procedure is being handled for ENNIA/CBCS by Ox & Wolf Legal Partners in Curaçao, assisted by Dutch and American offices. This office previously also did the legal work regarding the funds at Meryl Lynch in New York.
Source: The Daily Herald https://www.thedailyherald.sx/islands/91711-ennia-lawsuit-against-ansary
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