EU WINDING-UP DIRECTIVE
August 1st, 2005
BY ALAN OSBORNTHE EUROPEAN Commission is pressing ahead with legal action against Sweden and the Czech Republic over their failure to comply with the European Union's (EU) insurance winding-up directive, as its officials consider whether Britain has now finally complied with its terms.A key element in the drive to create a common financial services sector for the 25 EU countries, the Commission has threatened legal action at the European Court of Justice (ECJ) against the Czechs unless they say within two months how they will comply. The legislation sets down ...
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