IN THE HIGH COURT OF JUSTICE
BUSINESS AND PROPERTY COURTS
INSOLVENCY AND COMPANIES LIST (CHD)
IN THE MATTER OF PART VII OF THE FINANCIAL SERVICES AND MARKETS ACT 2000
IN THE MATTER OF THE SCOTTISH BOATOWNERS’ MUTUAL INSURANCE ASSOCIATION (‘SBO’)
IN THE MATTER OF TT CLUB MUTUAL INSURANCE LIMITED (‘TTI’)
NOTICE IS HEREBY GIVEN that on 19 March 2019 SBO and TTI applied to the High Court of Justice of England and Wales pursuant to Section 107(1) of the Financial Services and Markets Act 2000 (‘FSMA’) for:
- an Order sanctioning an insurance business transfer scheme providing for the transfer to TTI of the whole of the insurance and reinsurance business of SBO (the ‘Scheme’); and
- an Order making ancillary provisions in connection with the Scheme pursuant to Section 112 of FSMA.
If you are in any doubt as to whether you are affected by the proposed transfer or if you are a policyholder and have any questions about the proposed transfer, please contact SBO by email at email@example.com. Alternatively, you can write to ‘Part VII Transfer’ at TT Club Mutual Insurance Limited, 90 Fenchurch Street, London, EC3M 4ST or call +44 (0) 20 7283 4646 between 10am and 4pm UK time.
Copies of the report on the terms of the Scheme prepared by an independent expert as required under Section 109 of FSMA, a summary of that report and a statement setting out the terms of the Scheme can be obtained free of charge from TTI’s website at www.ttclub.com or by writing to the ‘Part VII Transfer’ address or calling the telephone number given above.
The application is directed to be heard before a Judge of the Business and Property Courts at The Rolls Building, 7 Rolls Buildings, London EC4A 1NL on 17 June 2019. Any person who alleges that he or she would be adversely affected by the carrying out of the Scheme is entitled to appear at the hearing and/or to make representations in person and/or to instruct a barrister or solicitor advocate to appear at the hearing and make representations on his or her behalf and/or to make written representations without appearing at the hearing.
If anyone intends to appear at the hearing in person or to instruct someone to appear on their behalf, it would be helpful if they indicate their intention to do so in writing to the email address or the ‘Part VII Transfer’ address given above no later than close of business on 3 June 2019, setting out the reasons why they believe they would be adversely affected.
DATED this day of March 2019
Reed Smith LLP
The Broadgate Tower, 20 Primrose Street, London, EC2A 2RS
Tel: +44 (0)20 3116 3000 Fax: +44 (0)20 3116 3999
Solicitors for SBO and TTI