The issue in Michael Wilson Partners Ltd v John Forster Emmott [2008] EWCA Civ 184 was whether Mr Justice Flaux, at first instance, had acted correctly in authorising the disclosure, for the purposes of proceedings in New South Wales and the British Virgin Islands, of documents generated in an English arbitration.
Read More The English Court of Appeal considers the confidentiality of documents disclosed in an arbitration
United Kingdom
Fitch Ratings updates its ratings criteria for Catastrophe Bonds
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Read More Fitch Ratings updates its ratings criteria for Catastrophe Bonds
UK 2008 Budget Report
On 12 March, the UK Chancellor of the Exchequer, Alistair Darling, delivered the Government’s 2008 Budget Report, which acknowledged the susceptibility of the UK economy to the unfolding financial credit crisis. The Report noted that the world economy was facing a more challenging environment than was apparent in 2007, with continued disruption in global financial markets, which had caused the downgrading of the UK economy growth forecast for 2009 from 2.5 – 3% to 2.25 – 2.75%. …
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English Court of Appeal Considers the Effect of a Notice Clause in a Public Liability Policy
The Claimant in Kosmar Villa Holidays plc v Trustees of Syndicate 1243 [2008] EWCA Civ 147 was a tour operator who had a public liability policy with the Defendant’s predecessor, Euclidian Direct Limited (Euclidian). …
Read More English Court of Appeal Considers the Effect of a Notice Clause in a Public Liability Policy
Proposed Legal and Market Reforms at Lloyd’s are Published
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Read More Proposed Legal and Market Reforms at Lloyd’s are Published
Lloyd’s Hosts Anniversary Seminar in Tel Aviv
Mark Meyer, a partner in the London office of Edwards Angell Palmer & Dodge, attended the recent seminar hosted by Lloyd’s in Tel Aviv, Israel, to mark 60 years of trading with the country. …
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The English High Court Has Ruled on the Proper Construction of a Condition Dealing with Increase of Risk
The issue in Qayyum Ansari v New India Assurance Limited [2008] EWHC 243 was whether, when a sprinkler system had been turned off prior to a fire, there had been a material change in cover in the facts stated in a proposal form so as to bring into effect a termination of cover. …
Read More The English High Court Has Ruled on the Proper Construction of a Condition Dealing with Increase of Risk
Edwards Angell Palmer & Dodge Hosts Seminar on Directors’ Duties and Sub-prime Issues
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Read More Edwards Angell Palmer & Dodge Hosts Seminar on Directors’ Duties and Sub-prime Issues
Follow the Settlements – the English Court of Appeal Overturns the Controversial First Instance Decision in Wasa v Lexington
In Wasa v Lexington [2008] EWCA Civ 150, Lexington appealed against the decision of the English Commercial Court that it was not entitled to recover from its reinsurers in full its settlement with its insured, Alcoa. Lexington had settled with Alcoa after being found jointly and severally liable by the Supreme Court of Washington for Alcoa’s clean-up costs for pollution damage, irrespective of whether the damage had been sustained before, during or after the insurance period. …
Read More Follow the Settlements – the English Court of Appeal Overturns the Controversial First Instance Decision in Wasa v Lexington