Lloyd's faces 'lose-lose scenario' if High Court rejects Brexit transfer
Lloyd’s could face a “lose-lose scenario” of having to choose between not paying claims or risking regulatory or criminal sanctions, if a proposed transfer of European policies to its Brussels subsidiary is not approved today.
The High Court is due to decide whether or not to approve the Part VII transfer at a sanctions hearing on Wednesday ahead of a 30 December effective date. The hearing was initially scheduled for 1
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