WINDING UP DIECTIVE
October 1st, 2003
BY KEITH NUTHALLLEGAL final warning letters have been sent by the European Commission to Britain, Belgium, Germany, Greece, France, Luxembourg, the Netherlands, Finland, Spain and Sweden, calling on them to swiftly implement a directive guaranteeing consumer protection when insurance companies are wound up. Brussels has given these 10 countries two months in which to say how they will write directive 2001/17/EC into their national rules or face possible lawsuits at the European Court of Justice. A note from the Commission stressed that the implementation deadline ...
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