The latest attempt by Equity Insurance Company Limited to overturn the Financial Services Commission’s move to wind up the insurer suffered a setback on Monday, as procedural issues delayed the start of a key appeal hearing.

The matter, scheduled to begin before the three-member Financial Services Appeals Tribunal (FSAT), was instead dominated by preliminary concerns that will now be addressed at a case management conference in July. The substantive hearing is not expected to take place until October.

With guidance from the tribunal chairman, retired High Court Justice Christopher Blackman, both sides agreed that the period October 12–16 would be suitable for setting a final hearing date.