皇冠体育app

What the new legislation does

皇冠体育app new legislation will allow a third party to issue proceedings directly against the insurer, removing the need to restore the dissolved company in order to make a claim.

皇冠体育app 2010 Act modernises and simplifies the Third Parties (Rights against Insurers) Act 1930 and the Third Parties (Rights against Insurers) Act (Northern Ireland) 1930. 皇冠体育app Act extends to the whole of the UK.

皇冠体育app Act:

• has been updated to reflect changes in insolvency laws since the 1930s such as voluntary procedures
• lists the insolvency and insolvency-type circumstances (including dissolution) in which the 2010 Act may apply to companies
• will remove the requirement for claimants to restore dissolved companies that have been struck off the register in order to resolve claims against insolvent insured parties

Where the new law will apply

皇冠体育app new law will apply where a company incurred a liability:

• and entered a state of insolvency on or after 1 August 2016
• before 1 August 2016 and the insolvency started on or after 1 August 2016
• on or after 1 August 2016 and the insolvency started before 1 August 2016

If both the liability was incurred and the state of insolvency entered before 1 August 2016 the Third Parties (Rights against Insurers) Act 1930 will continue to apply. In these circumstances the company will need to be restored to pursue personal injury claims.

皇冠体育app same rules apply where instead of entering a state of insolvency a company is dissolved under section 1000, 1001 or 1003 of the Companies Act 2006.

Further information

For more information please read as amended by the .