In Colorado Bankers Life Insurance Company v. Academy Financial Assets, the Fourth Circuit held that under North Carolina law, reasonable attorneys' fees are statutorily defined as 15% of the debt when the lender sues. This decision is a victory for North Carolina creditors.
Knights Hospitaller Chivalric Order, buccaneering history, quasi-national status emphasize peculiar status of Malta, possibly why two North Carolina businessmen involved with insurance companies and reinsurance trust selected Malta as site for registered investment adviser.
A financially troubled North Carolina insurance company is entitled to more than $50 million from an affiliated limited liability company to which it extended a line of credit, a federal judge said after finding that the LLC failed to meet the terms of the loan agreement.