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Condition impossible – who accepts liability when a policy condition is incapable of being satisfied?

Hong Kong - December 20 2012 The High Court of Hong Kong in Hua Tyan Development Limited v Zurich Insurance Company Limited [2012] HKLRD 827 held that an insurer cannot rely on the breach of a condition of the policy if the insurer or the broker (while acting as its agent) knew or ought to have known that it was incapable of being satisfied.

Candice Wu