This Practice Note covers the legal framework and regulatory guidance to be considered in determining whether an arrangement constitutes a contract of...
Consistent with the common law of contract, an insurer is not able to transfer the burden of its obligations under a contract of insurance without the...
Under the general prohibition a person cannot carry out a regulated activity, or purport to carry out a regulated activity, in the UK unless they are...
This document tracks the movement of where (re)insurance companies will move in order to retain ‘passporting’ rights, following the UK’s decision to...
IntroductionOne of the purposes of a commercial contract is to allocate risk and liability through, for example, the provision of indemnities. In this...
In some instances someone may suffer damage that results partly from their own fault and partly from the fault of someone else. A claim in respect of...
Brexit impactAs of exit day (31 January 2020) the UK is no longer an EU Member State. However, in accordance with the Withdrawal Agreement, the UK has...
What are insurance linked securities?Insurance Linked Securities (ILS) are an alternative form of risk mitigation for insurance and reinsurance firms....
What is passporting?UK authorised firms may be eligible to carry out permitted activities in another European Economic Area (EEA) state if they fulfil...
This Practice Note focuses purely on procedural requirements for firms wishing to exercise passporting rights and Treaty rights in the UK. For further...
Notice of assignment[To be printed on the headed notepaper of the assignor]To: [insert name and address of the relevant insurer]Date: [•]Dear [insert...
Duties of an office-holder to realise propertyInsolvency procedures (such as administration, liquidation or bankruptcy) involve the appointment of an...
STOP PRESS: From 6 April 2017, the Insolvency Rules 1986, SI 1986/1925 were revoked and replaced by the Insolvency (England and Wales) Rules 2016 (IR...
Financial services firms and insolvency provisions in FSMA 2000The provisions in Part XXIV of the Financial Services and Markets Act 2000 (FSMA 2000)...
[to be printed on headed notepaper of Association][insert name of assignee][insert address of assignee]Dear Sirsm.v. '[insert name of vessel]'—[insert...
The Insurers (Reorganisation and Winding-Up) Regulations 2003 (SI 2003/1102) (2003 Regulations) were introduced to implement the EU Directive on the...
Consistent with the common law of contract, an insurer is not able to transfer the burden of its obligations under a contract of insurance without the...
Brexit impactAs of exit day (31 January 2020) the UK is no longer an EU Member State. However, in accordance with the Withdrawal Agreement, the UK has...
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