# 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 291: Protection of third-party purchasers

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

The following law shall be applicable where, by an act concluded after the adoption of a reorganisation measure or the opening of winding-up proceedings, an insurance undertaking disposes, for consideration, of any of the following:
(a) in regard to immovable assets, the law of the Member State where the immovable property is situated;
(b) in regard to ships or aircraft subject to registration in a public register, the law of the Member State under the authority of which the register is kept;
(c) in regard to transferable or other securities, the existence or transfer of which presupposes entry in a register or account laid down by law or which are placed in a central deposit system governed by the law of a Member State, the law of the Member State under the authority of which the register, account or system is kept.

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Source: https://www.legislation.gov.uk/eudr/2009/138/article/291 (the official version)
Page: https://openlegislation.uk/eu-directive-2009-138/article-291
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.