Re Scottish Widows Ltd

Brexit – Company. The statutory requirements had been satisfied in respect of the applicants' application for an insurance business transfer pursuant to Pt VII of the Financial Services and Markets Act 2000. Among other things, the transfer provided certainty to the applicants' European Economic Area policyholders that their policies would continue to be serviced, irrespective of the outcome of Brexit. Accordingly, the Chancery Division sanctioned the transfer.

Category: