Re Certain of the members at Lloyd's for any or all of the 1993 to 2018 (inclusive) years of account, represented by the Society of Lloyd's and another company

Insurance – Insurance business transfer scheme. The Society of Lloyd's and Lloyd's Insurance Company SA succeeded in their claim for an order sanctioning an insurance business transfer scheme, proposed in response to Brexit. The Companies Court held, among other things, that the scheme had no feature which rendered it obviously incapable of satisfying any criterion, established by statute or by the authorities, as needing to be fulfilled before it could be sanctioned. The court ruled that it was prepared to make an order, the terms of which might vary slightly from the terms of the draft order put forward by the parties.

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