• North Atlantic Announces Accelerated Closure of Scheme and Arrangement of Bar Date of April 30, 2003 for All Claims
  • May 15, 2003 | Authors: Julia Reynolds Johnson; Gregory S. Wright
  • Law Firm: Kirkpatrick & Lockhart Preston Gates Ellis LLP - Washington Office
  • Unlike most other Schemes of Arrangement, which allow policyholders to file claims for several years, the North Atlantic Scheme is an "estimation" or "cut-off" scheme that establishes an immediate bar date for the filing of claims. That bar date is April 30, 2003. This Alert discusses the claims submission and estimation process for North Atlantic.