Governor And Company Of The Bank Of Scotland –v- Euclidian (No 1) Ltd

David Bailey QC
Jawdat Khurshid QC

[2008] Lloyd’s Rep. IR 182

David Bailey Q.C. and Jawdat Khurshid – ATE insurance

Insurance (after the event) – Bank lending money to claimants to fund premium for ATE insurance – Binding authority issued by underwriters to operator of scheme for issue of certificates of insurance to claimants – Policies assigned to bank – Whether bank entitled to recover from ATE insurers where underwriters not liable to indemnify claimants – Whether clause a “security” – Whether cancellation of loan agreements “affected” the insurance

Date added: July 20th, 2007

Area of Expertise

Banking & finance
Insurance & reinsurance