ENNIA, the largest insurance group in the Dutch Caribbean with insurance companies located in Curaçao, Sint Maarten, Aruba and Bonaire, and business in the other islands as well as Suriname, received a large bailout from the governments of Curacao, Sint Maarten and the Central Bank. ENNIA has been in severe financial difficulties due to mismanagement and fraudulent behaviour of its owner Parman International B.V., led by Iranian-American Hushang Ansary. De Brauw has successfully assisted the Central Bank of Curaçao and Sint Maarten (CBCS) in litigation proceedings against Ansary and former directors of ENNIA, which resulted in a number of positive judgements ordering Ansary and the former directors to repay ENNIA hundreds of millions of Netherlands Antillean guilders in damages. The group requires alternative funding solutions at least until those funds come in.