Laura McCann

May 31, 2024 | law360.com | Joseph Moore |Laura McCann

By Joseph Moore and Laura McCann (May 31, 2024, 3:44 PM BST) -- On May 2, in Project Angel Bidco Ltd. (In Administration) v. Axis Managing Agency Ltd., the Court of Appeal of England and Wales upheld the lower court's October 2023 decision and dismissed appeal of Project Angel Bidco Ltd., the insured.... Law360 is on it, so you are, too. A Law360 subscription puts you at the center of fast-moving legal issues, trends and developments so you can act with speed and confidence.

May 17, 2024 | mondaq.com | Joseph Moore |Laura McCann

The Court of Appeal has affirmed the Commercial Court's decision and its approach to the interpretation of a Warranty and Indemnity policy, rejecting the Insured's claim that there was an obvious mistake in the exclusion clause of the policy. This is an illuminating case for all parties in the W&I market.

Dec 4, 2023 | mondaq.com | Alice Childs |Laura McCann

Last month the Court of Appeal handed down its judgment in Hotel Portfolio II UK Limited v Ruhan and others [2023] EWCA Civ 1120. This case deals with several, complex legal issues concerning the availability of equitable compensation against an individual who has provided dishonest assistance in a breach of fiduciary duty in circumstances where the breaches of fiduciary duty in question are properly to be categorised as a "single and uninterrupted course of conduct".

Oct 25, 2023 | mondaq.com | Joseph Moore |Laura McCann

Hope Capital Limited (the "Claimant") lent approximately £2.2m (the "Loan") to St Anselm Heritage Properties Limited ("St Anselm"), a company owned and controlled by Mr Evangelos Pieri in March 2018. The Loan was secured against a Grade II listed property, Cedar House. Mr Pieri had the benefit of a long lease over Cedar House and the National Trust was the freehold owner. The Claimant's business involved providing short term, bridging finance on a low Loan to Value ratio.

Jul 31, 2023 | mondaq.com | Joseph Moore |Laura McCann

In the first warranty & indemnity insurance ("W&I") claim to be decided by the Commercial Court, the Defendant insurers succeeded on every issue, with the Court finding that there had not been a breach of the relevant warranties and indeed no loss as the buyer would have paid the full purchase price in any event. Background The Claimant, Finsbury, is a group of food manufacturing companies, including various bakery businesses.