Kosmar v Trustees of Syndicate 1234 The Court of Appeal held insurers had not waived their right to rely on breach of condition precedent despite failing to reserve their position. Lexington v...
Kosmar v Trustees of Syndicate 1234 The Court of Appeal held insurers had not waived their right to rely on breach of condition precedent despite failing to reserve their position.
Lexington v Multinacional de Seguros An assertion that there had been breach of a clause that was a condition precedent to liability did not waive reinsurers' right to rely on a subsequent breach of the clause to deny the claim.
LEGAL UPDATE: New Scottish insolvency rules will modernise the corporate insolvency process and bring the law into line with that in England and Wales. The changes to decision-making and communication are welcome. However, office-holders and creditors should ensure they are aware of their obligations so that nothing is missed – as the rules affect ongoing as well as new cases.
LEGAL UPDATE: Insurers are not permitted to 'spike' mesothelioma-related reinsurance claims arising under employers' liability policies, the The Court of Appeal in the UK has ruled.