This Practice Note sets out the principal features of the EU Solvency II regime (covering the Solvency II Directive 2009/138/EC, the Omnibus II Directive 2014/51/EU and related materials). It also reflects amendments to the Solvency II Directive made by Directive (EU) 2025/2 (the Solvency II amending Directive), which entered into force on 28 January 2025 and must be applied by Member States from 30 January 2027.
Solvency II is the framework governing the taking-up of business and supervision of insurance and reinsurance undertakings in the EU (together, ‘firms’). Directive 2009/138/EC replaced 14 earlier directives (collectively known as Solvency I) and establishes a maximum harmonising regime to deliver cross-border consistency. It is aligned with other financial services legislation, in particular the banking supervision framework (CRD IV/CRR—for more information, see Practice Note: EU CRD IV package—essentials). The regime applies to insurance groups as well as solo firms.
Solvency II introduced economic, risk-based solvency requirements across all EU Member States. These requirements are risk-sensitive and more sophisticated than the previous approach, enabling improved coverage of the real risks faced by firms...
When evaluating a general damages claim, the practitioner ought initially to refer to the Judicial College Guidelines (JCG)...
This Practice Note This Practice Note reviews mechanisms used in settling litigation. A Tomlin order consists of a consent order paired with a schedule. It operates to stay proceedings on terms that have been agreed. The provisions contained in the schedule may remain confidential. This Practice Note describes the scope of confidentiality attaching to the schedule and sets out how it differs from a standard consent order. Sample wording for a Tomlin order is included, alongside links to precedents, as well as guidance on court approval. It also addresses varying, setting aside and enforcing a Tomlin order, including the considerations the court will take into account when handling applications for each. Further guidance is provided on interpreting and applying the relevant provisions of the CPR; however, some courts and divisions impose very specific requirements for both drafting and approval, and for approaching the schedule and confidentiality issues. Accordingly, you must consider the particular rules and court guide provisions in the forum where your claim is proceeding when drawing up the Tomlin order...
Date [ date ] Parties [ name of Landlord ] [ of OR incorporated in England and Wales (company registration number [ number ]) with its registered office at ] [ address ] (Landlord) [ name of Tenant ] [ of OR incorporated in England and Wales (company registration number [ number ]) with its registered office at ] [ address ] (Tenant) [ [ name of Guarantor ] [ of OR incorporated in England and Wales (company registration number [ number ]) with its registered office at ] [ address ] (Guarantor) ] [ [ name of Mortgagee ] [ of OR incorporated in England and Wales (company registration number [ number ]) with its registered office at ] [ address ] (Mortgagee) ] Definitions Within this Deed, the terms below shall be interpreted as follows: [ Annual Rent • the annual sum reserved under the Lease; ] [ Insurance Rent • the Tenant’s share of the Landlord’s costs of insuring the Property (as set out in the Lease); ] Lease • the lease of the Property dated [ date ], entered into between (1) [ the Landlord OR [ name ...
I, [ name ], of [ address ], solemnly and sincerely state that: [ Matters to be verified, set out in numbered paragraphs ] I make this solemn statement in good conscience, believing it to be true, and pursuant to the provisions of the Statutory Declarations Act 1835. DECLARED at [ details ] this [ day ] day of [ month and year ] Before me ................................................................................ [ signature of the person before whom the declaration is made ] A [ commissioner for oaths OR [ solicitor OR [ insert other qualification ] ] authorised to administer oaths ]...