Both resolutions passed at ABTA’s Annual General Meeting
At the ABTA AGM on 24 September, held virtually due to the ongoing COVID-19 pandemic, ABTA Members voted to pass both special resolutions to amend the Articles of Association.
The first resolution amended Article 9 to require Members to notify ABTA of any Insolvency Event affecting the business of the Member.
The amendment will require notification of an Insolvency Event affecting the Member or the officers of a Member company in any event.
The second resolution amended the definition of Insolvency Event in the Articles to make explicit reference to any statutory arrangements or composition with creditors made by an individual with creditors.
ABTA has been a trusted travel brand for 70 years. Our purpose is to help our Members to grow their businesses successfully and sustainably, and to help their customers travel with confidence.
The ABTA brand stands for support, protection and expertise. This means consumers have confidence in ABTA and a strong trust in ABTA Members. These qualities are core to us as they ensure that holidaymakers remain confident in the holiday products that they buy from our Members.
We help our Members and their customers navigate through today's changing travel landscape by raising standards in the industry; offering schemes of financial protection; providing an independent complaints resolution service should something go wrong; giving guidance on issues from sustainability to health and safety and by presenting a united voice to government to ensure the industry and the public get a fair deal.
ABTA has more than 4,300 travel brands in Membership, providing a wide range of leisure and business travel services, with a combined annual UK turnover of £39 billion. For more details about what we do, what being an ABTA Member means and how we help the British public travel with confidence visit www.abta.com.