Insurance restructuring, insolvency and run-off

Our global restructuring group is the premier restructuring practice within the marketplace, advising on some of the largest and most high profile deals in the world both domestic and international.

Insurance insolvency is a specialised and increasingly important area. In the EU, the regulatory framework is in the process of changing and the nature of liabilities accepted by insurers is becoming increasingly complex. Difficult cross-border issues also arise. Our insurance experts work closely with our internationally recognised, market-leading insolvency practitioners to provide an expert blend of insurance and insolvency advice in respect of the legal and commercial issues which arise.

In the UK, New York and Hong Kong we regularly advise clients on insurance company schemes of arrangement, run-offs, commutations and policy buy-backs aimed at maximising value from the arrangements.

Read more about our wider restructuring practice.

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On 4 May 2010, the China Insurance Regulatory Commission (CIRC) finally issued its long-awaited Administrative Rules on Equities of Insurance Companies (the Equity Rules). It has been almost three years since the initial draft was circulated in August 2007. The Equity Rules incorporate most of the provisions from the third draft (Draft Rules) released last September.
Ordinance no. 2010-76 dated 21 January 2010 (the Ordinance) established a new single French regulator for the financial services and insurance industries, the Autorité de contrôle prudentiel (the authority of prudential supervision, ACP).
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