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Results: 1-10 of 112

High Court considers whether advance payment guarantees issued by insurance company were performance bonds or contracts of suretyship

  • Edwards Wildman Palmer LLP
  • -
  • United Kingdom
  • -
  • January 19 2011

In Meritz Fire & Insurance Co Ltd v (1) Jan De Nul NV (2) Codralux SA 2010 EWHC 3362 (Comm), the High Court ruled that advance payment guarantees (APGs) issued by the claimant insurance company to the defendants, guaranteeing the repayment of payments made by the defendants under three shipbuilding contracts (the Contracts), were performance bonds or demand guarantees on which the claimant was liable without regard to the Contracts

High Court approves scheme of arrangement for German companies

  • Edwards Wildman Palmer LLP
  • -
  • Germany, United Kingdom
  • -
  • December 21 2010

On 14 December 2010 the English Court sanctioned four connected schemes of arrangement for German companies in the Tele Columbus group

High court ruling causes headache for solicitors' professional indemnity insurers

  • Edwards Wildman Palmer LLP
  • -
  • United Kingdom
  • -
  • December 16 2010

Mortgage Express v Mehrban Michael Singh Sawali 2010 EWHC 3054 (Ch) concerned attempts by Mortgage Express to obtain the entire contents of a solicitor's files created in relation to the solicitor's joint retention by Mortgage Express and a number of its borrowers

Fraudulent misrepresentation by onshore agent to offshore insurer

  • Edwards Wildman Palmer LLP
  • -
  • Isle of Man, United Kingdom
  • -
  • December 16 2010

In Templeton Insurance Ltd v Motorcare Warranties Ltd 2010 EWHC 3113 (Comm) the Commercial Court heard a dispute between Templeton, an insurance company incorporated in the Isle of Man, engaged in the business of selling mechanical breakdown insurance (MBI), and its UK agent, Motorcare

High Court refuses stay in favour of arguable arbitration clause

  • Edwards Wildman Palmer LLP
  • -
  • United Kingdom
  • -
  • December 8 2010

In the case of Noble Denton Middle East and Another v Noble Denton International Limited 2010 EWHC 2574, Mr Justice Burton was asked to decide two points

Prudential test case relating to UK dividend taxation adjourned

  • Edwards Wildman Palmer LLP
  • -
  • United Kingdom
  • -
  • November 24 2010

Prudential Assurance Co Ltd & Ors v Revenue & Customs Commissioners 2010 EWHC 2811 (Ch) concerned the UK's former rules on the taxation of dividends received by insurance companies resident in the UK on shareholdings in foreign companies which were held as investments in their pension and life assurance business

English High Court rules on permissibility of an appeal against an arbitral award on a point of foreign law

  • Edwards Wildman Palmer LLP
  • -
  • United Kingdom
  • -
  • November 18 2010

In Guangzhou Dockyards Co Ltd v ENE Aegialii 2010 EWHC 2826 (Comm), Mr Justice Blair dismissed an application which had sought to appeal against an arbitration award on an issue of fact

ATE insurer liable to solicitors under 'no win, no fee' guarantee

  • Edwards Wildman Palmer LLP
  • -
  • United Kingdom
  • -
  • November 17 2010

In the recent case of Greene Wood Mclean LLP v Templeton Insurance Ltd (2010) EWHC 2679 (Comm), the Commercial Court considered whether Templeton was liable to GWM, a firm of solicitors, under an after-the-event (ATE) insurance policy

Scottish Lion - waiver of privilege by creditor participating in scheme of arrangement

  • Edwards Wildman Palmer LLP
  • -
  • United Kingdom
  • -
  • November 11 2010

In another instalment of the Scottish Lion saga (see our previous blog entries here, here and here) the Outer House of the Court of Session (the Scottish First Instance Court) has ruled that where a scheme creditor submits documents in support of his claim for voting purposes at the creditors' meeting convened to approve a scheme of arrangement, he is deemed to have waived any privilege there might have been in such documents

English Commercial Court considers the effect of sanctions on a P&I club

  • Edwards Wildman Palmer LLP
  • -
  • United Kingdom
  • -
  • November 10 2010

In Islamic Republic of Iran Shipping Lines v Steamship Mutual Underwriting Association (Bermuda) Limited 2010 EWHC 2661 (Comm) the Commercial Court had to assess the impact of the Financial Restrictions (Iran) Order 2009 (the Order), and a licence made under it (the Licence), on the provision of marine professional and indemnity (P&I) insurance

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