What is passporting? UK authorised firms may be eligible to carry out permitted activities in another European Economic Area (EEA) state if they fulfil the requirements...
Duties of an office-holder to realise property Insolvency procedures (such as administration, liquidation or bankruptcy) involve the appointment of an insolvency...
The Brexit vote On 23 June 2016, the UK voted to leave the European Union (EU) by 52% to 48%, with a turnout of 72%, sending shock waves across the markets and economies...
This Practice Note provides an overview of the key issues and questions that an English lawyer is likely to need to address in the context of corporate (re)insurance...
BREXIT: The UK is leaving the EU on Exit Day (as defined in the European Union (Withdrawal) Act 2018). This has an impact on this Practice Note. For guidance, see...
This Practice Note examines EU laws in relation to financial services around the rights of freedom of establishment and freedom to provide services from one state to...
This Practice Note sets out the passporting rights and related notification requirements of insurance undertakings established in the European Economic Area (EEA). For...
This Practice Note focuses purely on procedural requirements for UK firms wishing to exercise EEA rights to provide financial services into the EEA under the following...
Financial services firms and insolvency provisions in FSMA 2000 The provisions in Part XXIV of the Financial Services and Markets Act 2000 (FSMA 2000) allow the...
Brexit impact This Practice Note is impacted by the decision of the UK on 23 June 2016 to leave the European Union. For the impact on insurers, see Practice Note:...
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 consent of the...
What are insurance linked securities? Insurance Linked Securities (ILS) are an alternative form of risk mitigation for insurance and reinsurance firms. The Financial...
The Insurers (Reorganisation and Winding-Up) Regulations 2003 (SI 2003/1102) (2003 Regulations) were introduced to implement the EU Directive on the Reorganisation and...
This Practice Note focuses purely on procedural requirements for firms wishing to exercise passporting rights and Treaty rights in the UK. For further information and...
Background In December 2000, Equitable Life closed to new business. The collapse of what had been considered a trusted insurer was as a result of Equitable Life being...