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Europe Daily Bulletin No. 8752

21 July 2004
Contents Publication in full By article 35 / 41
GENERAL NEWS / (eu) eu/internal market
Spain will have to defend its position on transfer of insurance portfolios at Court of Justice

Brussels, 20/07/2004 (Agence Europe) - The European Commission has decided to bring Spain before the Court of Justice of the European Communities in connection with its legislation on the transfer of insurance portfolios between operators. Under Spanish law Member States do not give policy-holders the option of cancelling contracts after a transfer of portfolios by distinguishing between the elements involved in the operation that are within the country in question and those (the economic...

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