# 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), Article 285: Effects on certain contracts and rights

Extent: E+W+S+N.I.

By way of derogation from Articles 269 and 274, the effects of the opening of reorganisation measures or of winding-up proceedings shall be governed as follows:
(a) in regard to employment contracts and employment relationships, exclusively by the law of the Member State applicable to the employment contract or employment relationship;
(b) in regard to contracts conferring the right to make use of or acquire immovable property, exclusively by the law of the Member State where the immovable property is situated; and
(c) in regard to rights of the insurance undertaking with respect to immovable property, a ship or an aircraft subject to registration in a public register, exclusively by the law of the Member State under the authority of which the register is kept.

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Source: https://www.legislation.gov.uk/eudr/2009/138/article/285 (the official version)
Page: https://openlegislation.uk/eu-directive-2009-138/article-285
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.