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Cross Border Reorganisation and Bankruptcy of Direct Insurance Undertakings in EC Within the Scope of Title IV of Solvency II Directive

Year 2017, Volume: 37 Issue: 2, 439 - 472, 15.12.2017

Abstract

Solvency II directive also includes rules on cross-border reorganisation and winding-up of direct insurance undertakings within the EC. The main source of the relevant rules is the repealed directive 2001/17/EC which had been both reviewed and revaluated before having put its rules under Title IV of the Solvency II Directive. Progress in the field of EC conflict of laws (Rome I, Rome II) has produced its effects on the applicable law through dependant choice-of-law rules included in the directives. The choice-of-law rules that the dependant choice of law rules in the directives are linked to has been changed considerably by the entry into force of the Rome I and II regulations.

References

  • ACAR, O., Avrupa Birliği Solvency II Projesi, Editörün Notu, Türkiye Sigorta ve Reasürans Şirketleri Birliği, http://www.tsb.org.tr/images/ Documents/SolvencyII.pdf.
  • ARAT, T., Ticaret Şirketlerinin Tâbiiyeti, Ankara 1970.
  • Council Regulation (EC) No 2157/2001 of 8 October 2001 on the Statute for a European Company (SE), O.J. L 294/1, 10/11/2001.
  • Directive 2001/17/EC of the European Parliament and of the Council of 19 March 2001 on the reorganisation and winding-up of insurance undertakings, O.J. L 110/28 20/04/2001.
  • Directive 2001/24/EC of the European Parliament and of the Council of 4 April 2001 on the reorganisation and winding up of credit institutions (m.23), O.J. L 125, 05/05/2001.
  • Directive 2004/39/EC of the European Parliament and of the Council of 21 April 2004 on markets in financial instruments amending Council Directives 85/611/EEC and 93/6/EEC and Directive 2000/12/EC of the European Parliament and of the Council and repealing Council Directive 93/22/EEC, O.J. L 145, 30/04/2004 (MiFID I).
  • Directive 2009/138/EC of the European Parliament and of the Council of 25 November 2009 on the taking-up and pursuit of the business of Insurance and Reinsurance (Solvency II) (recast) (Text with EEA relevance), OJ. L 335/1, 17/12/2009.
  • Directive 2014/51/EU of the European Parliament and of the Council of 16 April 2014 amending Directives 2003/71/EC and 2009/138/EC and Regulations (EC) No 1060/2009, (EU) No 1094/2010 and (EU) No 1095/2010 in respect of the powers of the European Supervisory Authority (European Insurance and Occupational Pensions Authority) and the European Supervisory Authority (European Securities and Markets Authority), O.J. L 153/1, 22/05/2014.
  • Directive 2014/57/EU of the European Parliament and of the Council of 16 April 2014 on criminal sanctions for market abuse (market abuse directive), OJ. L 173/179, 12/06/2014.
  • Directive 2014/65/EU of the European Parliament and of the Council of 15 May 2014 on markets in financial instruments and amending Directive 2002/92/ EC and Directive 2011/61/EU, O.J. L173/349, 12/06/2014.
  • Directive (EU) 2016/1034 of the European Parliament and of the Council of 23 June 2016 amending Directive 2014/65/EU on markets in financial instruments, O.J. L 175, 30/06/2016.
  • EKŞİ, N., Türk ve Avrupa Birliği Hukukunda Yabancı Unsurlu Sigorta Sözleşmelerine Uygulanacak Hukuk, İstanbul 2012.
  • Explanatory Memorandum to COM (2016)56-Amendment of Directive 2014/65/EU on markets in financial instruments as regards certain dates, www.eumonitor.eu.
  • GÜNGÖR, G., Avrupa Birliği Hukukunda Sınır Aşıcı Aciz Usulleri Hakkında Hukukî Düzenlemeler, Türkiye'nin Malî Alanda Topluluk Kazanımına Uyumu (30 Ocak - 16 Nisan 2002), Merkez Bankası Yayını, Ankara 2004, s.217-257.
  • GÜNGÖR, G., Tâbiiyet Hukuku, 4. Bası, Yetkin Yayınevi, Ankara, 2016.
  • ÖZER, M., Avrupa Birliğinde Piyasa Bozucu Eylemler Düzenlemesi, Gösterge, Güz 2016, s.31-33, www.tspb.org.tr. Regulation (EC) No 864/2007 of the European Parliament and of the Council of 11 July 2007 on the law applicable to non-contractual obligations (Rome II), O.J. L 199/40, 03/07/2007.
  • Regulation (EC) No 593/2008 of the European Parliament and of the Council of 17 June 2008 on the law applicable to contractual obligations (Rome I), O.J. L 177/6 (04/07/2008).
  • Regulation (EU) No 596/2014 of the European Parliament and of the Council of 16 April 2014 on market abuse (market abuse regulation) and repealing Directive 2003/6/EC of the European Parliament and of the Council and Commission Directives 2003/124/EC, 2003/125/EC and 2004/72/EC, L 173/1, 12/06/2014.
  • Regulation (EU) No 600/2014 of the European Parliament and of the Council of 15 May 2014 on markets in financial instruments and amending Regulation (EU) No 648/2012, O.J. L 173/84, 12/06/2014.
  • Regulation (EU) No 2015/848 of the European Parliament and of the Council of 20 May 2015 on insolvency proceedings (recast), O.J. L 141, 05/06/2015.
  • Regulation (EU) 2016/1033 of the European Parliament and of the Council of 23 June 2016 amending Regulation (EU) No 600/2014 on markets in financial instruments, Regulation (EU) No 596/2014 on market abuse and Regulation (EU) No 909/2014 on improving securities settlement in the European Union and on central securities depositories, O.J. L 175/1, 30/06/2016.
  • Report on the Convention on the Law Applicable to Contractual Obligations by Mario Giuliano and Paul Lagarde, O.J. C 282 (31.10.1980), s.1-47.
  • Rome Convention on the law applicable to contractual obligations (consolidated version), O.J. C 27, 26/01/1998.
  • SİRMEN, S., Zarar Sigortaları Kapsamına Giren Sigorta Akitlerinden Doğan Kanunlar İhtilafı, Ankara 2006 (Doktora Tezi- Çoğaltılmış Nüsha).
  • Treaty establishing the European Community (Nice consolidated version), O.J. C 325/33, 24/12/2002, eur-lex.europa.eu.

Mâlî Yeterlilik II Direktifi IV. Başlık Kapsamındaki Sigorta İşletmelerinin AB İçi Sınıraşıcı Yeniden Yapılandırılması ve İflâs Yolu ile Tasfiyesi

Year 2017, Volume: 37 Issue: 2, 439 - 472, 15.12.2017

Abstract

Mâlî Yeterlilik II Direktifi doğrudan sigorta işletmelerinin Avrupa Birliği içi sınıraşıcı yeniden yapılandırılması ve tasfiyesini konu edinen kurallar da ihtiva etmektedir. İlgili kuralların ana kaynağı mülga 2001/17/EC direktifidir. Bu kurallar gözden geçirilip yeniden değerlendikten sonra Mâlî Yeterlilik II Direktifinin dördüncü başlığı altında yer verilmiştir. Avrupa Birliği kanunlar ihtilafı hukuku alanındaki gelişmeler (Roma I ve Roma II tüzükleri) direktiflerin konuyu ele alan bağımlı bağlama kuralları sebebiyle uygulanacak hukuku etkilemiştir. Bağımlı bağlama kurallarının bağlandıkları bağlama kuralları Roma I ve Roma II tüzüklerinin yürürlüğe girmesiyle birlikte kayda değer şekilde değişmiştir. 

References

  • ACAR, O., Avrupa Birliği Solvency II Projesi, Editörün Notu, Türkiye Sigorta ve Reasürans Şirketleri Birliği, http://www.tsb.org.tr/images/ Documents/SolvencyII.pdf.
  • ARAT, T., Ticaret Şirketlerinin Tâbiiyeti, Ankara 1970.
  • Council Regulation (EC) No 2157/2001 of 8 October 2001 on the Statute for a European Company (SE), O.J. L 294/1, 10/11/2001.
  • Directive 2001/17/EC of the European Parliament and of the Council of 19 March 2001 on the reorganisation and winding-up of insurance undertakings, O.J. L 110/28 20/04/2001.
  • Directive 2001/24/EC of the European Parliament and of the Council of 4 April 2001 on the reorganisation and winding up of credit institutions (m.23), O.J. L 125, 05/05/2001.
  • Directive 2004/39/EC of the European Parliament and of the Council of 21 April 2004 on markets in financial instruments amending Council Directives 85/611/EEC and 93/6/EEC and Directive 2000/12/EC of the European Parliament and of the Council and repealing Council Directive 93/22/EEC, O.J. L 145, 30/04/2004 (MiFID I).
  • Directive 2009/138/EC of the European Parliament and of the Council of 25 November 2009 on the taking-up and pursuit of the business of Insurance and Reinsurance (Solvency II) (recast) (Text with EEA relevance), OJ. L 335/1, 17/12/2009.
  • Directive 2014/51/EU of the European Parliament and of the Council of 16 April 2014 amending Directives 2003/71/EC and 2009/138/EC and Regulations (EC) No 1060/2009, (EU) No 1094/2010 and (EU) No 1095/2010 in respect of the powers of the European Supervisory Authority (European Insurance and Occupational Pensions Authority) and the European Supervisory Authority (European Securities and Markets Authority), O.J. L 153/1, 22/05/2014.
  • Directive 2014/57/EU of the European Parliament and of the Council of 16 April 2014 on criminal sanctions for market abuse (market abuse directive), OJ. L 173/179, 12/06/2014.
  • Directive 2014/65/EU of the European Parliament and of the Council of 15 May 2014 on markets in financial instruments and amending Directive 2002/92/ EC and Directive 2011/61/EU, O.J. L173/349, 12/06/2014.
  • Directive (EU) 2016/1034 of the European Parliament and of the Council of 23 June 2016 amending Directive 2014/65/EU on markets in financial instruments, O.J. L 175, 30/06/2016.
  • EKŞİ, N., Türk ve Avrupa Birliği Hukukunda Yabancı Unsurlu Sigorta Sözleşmelerine Uygulanacak Hukuk, İstanbul 2012.
  • Explanatory Memorandum to COM (2016)56-Amendment of Directive 2014/65/EU on markets in financial instruments as regards certain dates, www.eumonitor.eu.
  • GÜNGÖR, G., Avrupa Birliği Hukukunda Sınır Aşıcı Aciz Usulleri Hakkında Hukukî Düzenlemeler, Türkiye'nin Malî Alanda Topluluk Kazanımına Uyumu (30 Ocak - 16 Nisan 2002), Merkez Bankası Yayını, Ankara 2004, s.217-257.
  • GÜNGÖR, G., Tâbiiyet Hukuku, 4. Bası, Yetkin Yayınevi, Ankara, 2016.
  • ÖZER, M., Avrupa Birliğinde Piyasa Bozucu Eylemler Düzenlemesi, Gösterge, Güz 2016, s.31-33, www.tspb.org.tr. Regulation (EC) No 864/2007 of the European Parliament and of the Council of 11 July 2007 on the law applicable to non-contractual obligations (Rome II), O.J. L 199/40, 03/07/2007.
  • Regulation (EC) No 593/2008 of the European Parliament and of the Council of 17 June 2008 on the law applicable to contractual obligations (Rome I), O.J. L 177/6 (04/07/2008).
  • Regulation (EU) No 596/2014 of the European Parliament and of the Council of 16 April 2014 on market abuse (market abuse regulation) and repealing Directive 2003/6/EC of the European Parliament and of the Council and Commission Directives 2003/124/EC, 2003/125/EC and 2004/72/EC, L 173/1, 12/06/2014.
  • Regulation (EU) No 600/2014 of the European Parliament and of the Council of 15 May 2014 on markets in financial instruments and amending Regulation (EU) No 648/2012, O.J. L 173/84, 12/06/2014.
  • Regulation (EU) No 2015/848 of the European Parliament and of the Council of 20 May 2015 on insolvency proceedings (recast), O.J. L 141, 05/06/2015.
  • Regulation (EU) 2016/1033 of the European Parliament and of the Council of 23 June 2016 amending Regulation (EU) No 600/2014 on markets in financial instruments, Regulation (EU) No 596/2014 on market abuse and Regulation (EU) No 909/2014 on improving securities settlement in the European Union and on central securities depositories, O.J. L 175/1, 30/06/2016.
  • Report on the Convention on the Law Applicable to Contractual Obligations by Mario Giuliano and Paul Lagarde, O.J. C 282 (31.10.1980), s.1-47.
  • Rome Convention on the law applicable to contractual obligations (consolidated version), O.J. C 27, 26/01/1998.
  • SİRMEN, S., Zarar Sigortaları Kapsamına Giren Sigorta Akitlerinden Doğan Kanunlar İhtilafı, Ankara 2006 (Doktora Tezi- Çoğaltılmış Nüsha).
  • Treaty establishing the European Community (Nice consolidated version), O.J. C 325/33, 24/12/2002, eur-lex.europa.eu.
There are 25 citations in total.

Details

Subjects Law in Context
Journal Section Articles
Authors

Gülin Güngör This is me

Publication Date December 15, 2017
Published in Issue Year 2017 Volume: 37 Issue: 2

Cite

APA Güngör, G. (2017). Cross Border Reorganisation and Bankruptcy of Direct Insurance Undertakings in EC Within the Scope of Title IV of Solvency II Directive. Milletlerarası Hukuk Ve Milletlerarası Özel Hukuk Bülteni, 37(2), 439-472.
AMA Güngör G. Cross Border Reorganisation and Bankruptcy of Direct Insurance Undertakings in EC Within the Scope of Title IV of Solvency II Directive. Milletlerarası Hukuk ve Milletlerarası Özel Hukuk Bülteni. December 2017;37(2):439-472.
Chicago Güngör, Gülin. “Cross Border Reorganisation and Bankruptcy of Direct Insurance Undertakings in EC Within the Scope of Title IV of Solvency II Directive”. Milletlerarası Hukuk Ve Milletlerarası Özel Hukuk Bülteni 37, no. 2 (December 2017): 439-72.
EndNote Güngör G (December 1, 2017) Cross Border Reorganisation and Bankruptcy of Direct Insurance Undertakings in EC Within the Scope of Title IV of Solvency II Directive. Milletlerarası Hukuk ve Milletlerarası Özel Hukuk Bülteni 37 2 439–472.
IEEE G. Güngör, “Cross Border Reorganisation and Bankruptcy of Direct Insurance Undertakings in EC Within the Scope of Title IV of Solvency II Directive”, Milletlerarası Hukuk ve Milletlerarası Özel Hukuk Bülteni, vol. 37, no. 2, pp. 439–472, 2017.
ISNAD Güngör, Gülin. “Cross Border Reorganisation and Bankruptcy of Direct Insurance Undertakings in EC Within the Scope of Title IV of Solvency II Directive”. Milletlerarası Hukuk ve Milletlerarası Özel Hukuk Bülteni 37/2 (December 2017), 439-472.
JAMA Güngör G. Cross Border Reorganisation and Bankruptcy of Direct Insurance Undertakings in EC Within the Scope of Title IV of Solvency II Directive. Milletlerarası Hukuk ve Milletlerarası Özel Hukuk Bülteni. 2017;37:439–472.
MLA Güngör, Gülin. “Cross Border Reorganisation and Bankruptcy of Direct Insurance Undertakings in EC Within the Scope of Title IV of Solvency II Directive”. Milletlerarası Hukuk Ve Milletlerarası Özel Hukuk Bülteni, vol. 37, no. 2, 2017, pp. 439-72.
Vancouver Güngör G. Cross Border Reorganisation and Bankruptcy of Direct Insurance Undertakings in EC Within the Scope of Title IV of Solvency II Directive. Milletlerarası Hukuk ve Milletlerarası Özel Hukuk Bülteni. 2017;37(2):439-72.