In 2018 the Supreme Court delivered its much-awaited decision in the case of SPV OSUS Ltd v HSBC Institutional Trust Services (Ireland) Ltd & Ors where it confirmed that the assignment of a claim is unenforceable in Irish law unless the assignment is ancillary to a bona fide transaction or the assignee has a genuine commercial interest in the assignment.
Ireland, USA, Arbitration & ADR, Insolvency & Restructuring, Litigation, Mason Hayes & Curran LLP, HSBC
On 25 March 2010, HM Treasury published a consultation paper which proposes improvements to the protection and payment of benefits for policyholders of insurers in financial difficulty. In particular, the proposals address certain gaps in the regime for insurers in administration in contrast to the regime applied in liquidation.
United Kingdom, Insolvency & Restructuring, Insurance, Norton Rose Fulbright, Public consultations, Liquidation, Default (finance), Financial Services Compensation Scheme, Actuary, HM Treasury (UK), Insolvency Act 1986 (UK)