With the deadline of Brexit coming closer, QBE Insurance Group Limited (ASX: QBE) is looking well prepared to handle it with the recently received approval from UKs High Court for its post-Brexit restructuring plans in the UK. With the Courts approval, the company has completed its Part VII Transfer under which the QBE groups European division was undertaken through a legal process, which was subject to the Courts approval.
In June 2017, QBE Insurance Group had first announced its plan to establish a new subsidiary in Belgium, so that it could continue its operations across the European Economic Area. By establishing a new subsidiary in Belgium, the insurance group expects to continue its services to European policyholders irrespective of…
Read the full article at: https://kalkinemedia.com/2019/01/18/qbe-moving-ahead-with-its-restructuring-plans-after-getting-uk-high-courts-approval/