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    Treasury publishes building society orders
    2009-04-03

    Treasury has published two orders made under the Insolvency Act 1986 and the Banking Act 2009. The orders are:  

    Filed under:
    United Kingdom, Banking, Insolvency & Restructuring, Dentons, Building society, Financial Services Compensation Scheme, Insolvency Act 1986 (UK), Banking Act 2009 (UK)
    Location:
    United Kingdom
    Firm:
    Dentons
    Construction of Exclusions in Insurance Policies
    2017-11-24

    In Crowden and Crowden v QBE Insurance (Europe) Ltd[2017] EWHC 2597 (Comm) the Commercial Court found in favour of the Defendant insurer on the disputed construction of an "insolvency" exclusion in a professional indemnity insurance policy.  The case is a useful reminder of the approach which the English Courts take to the construction of exclusions in insurance contracts.  

    1. Background

    Filed under:
    United Kingdom, Employee Benefits & Pensions, Insolvency & Restructuring, Insurance, Litigation, Herbert Smith Freehills LLP, Security (finance), Liquidation, Investment funds, Liquidator (law), Financial Services Compensation Scheme, High Court of Justice
    Location:
    United Kingdom
    Firm:
    Herbert Smith Freehills LLP
    Insolvency of insurance companies
    2009-10-22

    The insolvency of UK insurance companies is, fortunately, a fairly rare event. Even in the current difficult times - and despite speculation about the solvency of some insurers - we have yet to see a UK insurance company actually go into liquidation.

    Filed under:
    United Kingdom, Insolvency & Restructuring, Insurance, Norton Rose Fulbright, Unsecured debt, Debt, Liability (financial accounting), Reinsurance, Liquidation, Liquidator (law), Financial Services Compensation Scheme
    Authors:
    Noleen John
    Location:
    United Kingdom
    Firm:
    Norton Rose Fulbright

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