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Version status: In force | Document consolidation status: Updated to reflect all known changes
Version date: 29 April 2003 - onwards
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Regulation 20 Set-off.

The commencement of reorganisation measures or winding-up proceedings shall not affect the right of creditors to demand the set-off of their claims against the claims of the insurance undertaking where such a set-off is permitted by the law applicable to the insurance undertaking's claim.

Comparing proposed amendment...