Tim Scott

Tim Scott

Latham & Watkins LLP

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UK Introduces Write-Down Procedure for Insurers’ Policyholder Liabilities

FSMA 2023 includes a court procedure for failing insurers to temporarily write-down liabilities, with implications for counterparties. The recently passed Financial Services and Markets Act 2023 (FSMA 2023) provides for a...more

9/15/2023  /  Counterparties , FSMA , Insolvency , Insurance Industry , Liability , Rules of Civil Procedure , UK
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