Judges: Tomlinson J Citations: [2006] EWHC 1500 (Comm) Links: Bailii Statutes: Financial Services and Markets Act 2000 112 Jurisdiction: England and Wales Financial Services, Arbitration Updated: 12 November 2022; Ref: scu.242718
Application for the sanction of the court to an insurance business transfer scheme for the transfer of policies of general (primarily motor) insurance. Citations: [2006] EWHC 694 (Ch) Links: Bailii Statutes: Financial Services and Markets Act 2000 112 Jurisdiction: England and Wales Company, Financial Services Updated: 13 September 2022; Ref: scu.253485
The court had made an order transferring the insurance business of the company. The question arose as to whether it also had the right to transfer the benefit of contracts of re-insurance, which could at common law, only be transferred by consent of the insurer. Held: The Act contained the power in section 112 to … Continue reading In re the Financial Markets and Services Act 2000; WASA International (UK) Insurance Co Ltd and Another v WASA International Insurance Co Ltd (Sweden): ChD 10 Dec 2002
Parties appealed against on order for the winding up of the company. The Authority (FSA) had said that the company which supplied warranties to owners of digital receiver boxes were providing regulated insurance services, but that the companies were not registered. The warranties were for the repair and supply of parts only, and the company … Continue reading Digital Satellite Warranty Cover Ltd v The Financial Services Authority: CA 29 Nov 2011
The claimants sought judicial review of decisions by the respondents proposing prohibition orders. Held: The applicants had open to them appeals against the decisions so far taken. Accordingly no right existed for judicial review. The scheme of the Act required the supervision of the claimants to be by the procedures under the Act. Judges: Kennedy, … Continue reading Davies and others v Financial Services Authority: CA 30 Jul 2003
(Scotland) By the 2014 Act, the Scottish Parliament had provided that each child should have a named person to monitor that child’s needs, with information about him or her shared as necessary. The Institute objected that the imposed obligation to share information was outwith the powers of the Parliament. It extended the information to be … Continue reading The Christian Institute and Others v The Lord Advocate: SC 28 Jul 2016
Part 8 claim form which seeks an order under s.111 of the 2000 Act sanctioning an insurance business transfer scheme, together with ancillary orders under s.112 FSMA. The Scheme effects the transfer of HLUK’s pensions business to ReAssure. Snowden J [2015] EWHC 2664 (Ch) Bailii Financial Services and Markets Act 2000 111 8112 England and … Continue reading Re HSBC Life (UK) Ltd: ChD 24 Jul 2015
Application for the sanction of the court to an insurance business transfer scheme under which the entire long-term insurance business of Prudential Annuities Limited . . is to be transferred to The Prudential Assurance Company Limited. Ancillary orders are sought under s112 of the Financial Services and Markets Act 2000. Birss J [2014] EWHC 4770 … Continue reading In re Prudential Annuities Ltd and Others: ChD 13 Nov 2014
Appeal by the Authority against a decision by the Upper Tribunal (Tax and Chancery Chamber) deciding, as a preliminary issue determined in accordance with Rule 5(3)(e) of the Tribunal Procedure (Upper Tribunal) Rules 2008, that the respondent to . .
