TT to UKNV Transfer - Sealed Sanction Order
In May 2021, TT Club Mutual Insurance Limited (‘TTI’) and UK P&I Club NV (‘UKNV’) 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’).
During the sanction hearing on 2 December 2021 the Court made the Order and this can be downloaded below.
For more information relating to the transfer, please visit the Club's dedicated page outlining the Club's post-Brexit service commitment now that the UK has left the EU.
CR-2020-003995 - Sealed Sanction Order (256 KB)
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TTI Part VII Transfer
NOTICE IS HEREBY GIVEN that on 27 May 2021 TT Club Mutual Insurance Limited ('TTI') and UK P&I Club NV ('UKNV') 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:
We are writing to notify you that the hearing to sanction the insurance business transfer scheme (the 'Scheme') providing for the transfer of certain of the insurance and reinsurance business (comprising policies, assets and liabilities) of TT Club Mutual Insurance Limited ('TTI') to UK P&I Club NV ('UKNV') ('Transfer') proposed to be held on Thursday 9 September 2021 has been postponed to Monday 27 September 2021.
An important case clarifying that acts or defaults in exercising due diligence may give rise to ‘unseaworthiness’ and the consequences of falling on the wrong side of the boundary, including in relation to general average.