The Third Parties (Rights Against Insurers) Act 2010 (Consequential Amendment of Companies Act 2006) Regulations 2018 were made earlier this month: see here or here (pdf). The purpose of the Regulations is to amend section 1030 of the Companies Act 2006 in order to permit an insurer of a company, where that company has been dissolved for more than six years, the right to restore the company to the register of companies. At present such an application can be made, but only within six years of a company's dissolution. Further information about the proposed change, and the reasons for it, can be found in the accompanying explanatory memorandum available here (pdf).
Monday, 12 November 2018
UK: The Third Parties (Rights Against Insurers) Act 2010 (Consequential Amendment of Companies Act 2006) Regulations 2018
The Third Parties (Rights Against Insurers) Act 2010 (Consequential Amendment of Companies Act 2006) Regulations 2018 were made earlier this month: see here or here (pdf). The purpose of the Regulations is to amend section 1030 of the Companies Act 2006 in order to permit an insurer of a company, where that company has been dissolved for more than six years, the right to restore the company to the register of companies. At present such an application can be made, but only within six years of a company's dissolution. Further information about the proposed change, and the reasons for it, can be found in the accompanying explanatory memorandum available here (pdf).
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