This Special Report is the first in-depth response to the current trend towards demutualisation. Written by a team of experts who have been directly involved in several high profile demutualisations, it gives practitioners the high level guidance they have been waiting for. It deals with:
* The legal, strategic commercial and tax aspects involved in the demutualisation process, as well as specific considerations for different types of mutual body
* The distinction between conversion and takeover
* What benefit packages can and cannot be given to members of a mutual undergoing a change in status
* The complexities arising from s100 of the Building Societies Act 1986 and Sched 2C to the Insurance Companies Act 1982
This Special Report is the first in-depth response to the current trend towards demutualisation. Written by a team of experts who have been directly involved in several high profile demutualisations, it gives practitioners the high level guidance they have been waiting for. It deals with:
* The legal, strategic commercial and tax aspects involved in the demutualisation process, as well as specific considerations for different types of mutual body
* The distinction between conversion and takeover
* What benefit packages can and cannot be given to members of a mutual undergoing a change in status
* The complexities arising from s100 of the Building Societies Act 1986 and Sched 2C to the Insurance Companies Act 1982
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ISBN-13
978-0-7520-0395-5 (9780752003955)
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Schweitzer Klassifikation
Part 1 Insurers: outline of current commercial factors influencing decision to demutualize; making the decision - directors' duties; methods of demutualization; Schedule 2C Insurance Companies Act 1982; implementation of specific structures; tax; regulatory consents; special issues. Part 2 Building societies: the Building Societies Act 1986; reasons to demutualize; demutualization and alternatives to demutualization - the principal options; the second and third options involving demutualization - detailed consideration of the issues; other regulatory issues.
