Financial Services Commission v Dyoll Insurance Company Ltd

IN THE SUPREME COURT OF JUDICATURE OF JAMAICA

CLAIM NO 2005 HCV 1267

In the matter of Dyoll Insurance

Company Limited.

And

In the matter of the Companies Act

2004

BETWEEN FINANCIAL SERVICES COMNIISSION PETITIONER

A N D DYOLL INSURANCE COMPANY LIMITED RESPONDENT

Mrs. Nicole Foster-Pusey and Mrs. Symone Mayhew instructed by the

Director of State Proceedings for Petitioner.

Mr. Andre Earle and Miss Anna Gracie instructed by Messrs Rattray,

Patterson and Rattray for Panton Realty Ltd. a creditor.

Mr. Dave Garcia and Miss Tricia Gaye Watson instructed by Messrs Myers

Fletcher & Gordon for Dyoll Group Ltd. a contributor.

Mr. Allan Wood and Miss Dai~iellaG enlles instructed by Messrs Livingston

Alexander and Levy for Kenneth Krys and Christopher Stride, provisional

C liquidators appointed by the Grand Court of the Cayman Islands.

Heard: 1" & 3rd June, 2005

Brooks, J.

In September 2004 Hurricane 'Ivan' devastated major portions of the

Cayman Islands and badly affected Jamaica as well. It was a wind that blew

ill for Dyoll Insurance Company Limited company), which had insured

a number of the properties affected by the hurricane.