Court of Appeal Reverses High Court’s Rejection of Prudential/Rothesay Part VII Transfer

3 December 2020
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Key takeaways:
  • The Court of Appeal has agreed with Prudential and Rothesay Life’s appeal of the High Court’s refusal to sanction their proposed Part VII transfer.
  • The renewed application for the Part VII transfer will be remitted to the High Court for another judge to consider.
  • For the first time, the Court of Appeal considered the approach that the High Court should adopt in dealing with applications to sanction Part VII transfers and set out some useful guiding principles.