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Freakley -v- Centre Reinsurance International Co

11th Oct 2006

[2007] Lloyd’s Rep IR 32; [2006] 4 All ER 1153; [2006] 2 All ER (Comm) 943; [2006] 1 WLR 2863; [2005] Lloyd’s Rep IR 303; [2005] 2 All ER (Comm) 65; [2004] 2 All ER (Comm) 28

Christopher Butcher Q.C. and David Edwards Q.C. acted in this matter where administrators were seeking to recover from insurers under a £500 million policy covering the company’s asbestos liabilities

Insolvency – Administration order – Debts or liabilities incurred by administrator – Insurance policy entered into by company in respect of asbestos liability – Claims-handling rights transferred to insurers on subsequent appointment of administrators – Whether claims-handling expenses to be treated as costs of administration – Whether having priority over company’s other debts

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