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The dishonesty exclusion in a professional indemnity policy applied where a director of the solicitors’ firm Joshua & Usman Legal Services Limited (JULS), Ms Usman, had condoned a state of affairs which allowed her fellow director, Mr Atikpakpa, to perpetrate two mortgage frauds in which the firm had acted for the lenders
In a recent High Court decision of His Honour Judge Cooke in AIB Group (UK) PLC and Mark Redler & Co (23 January 2012), the court upheld a claim by a lender for breach of trust and equitable compensation
