Specific Issues for discussion:
• The requirements for insurable interest following the Court of Appeal’s decision in Quadra Commodities SA v XL Insurance Company SE [2023] EWCA 432.
• The status of warranties and terms descriptive of the risk under Insurance Act 2015, with a consideration of PT Adidaya Energy Mandiri v MS First Capital Insurance Ltd [2023] Lloyd’s Rep. IR 143, a decision of Sir Jeremy Cooke sitting in the Singapore International Commercial Court. Particular Issues: constructive total loss, notice of abandonment, waiver of a claim for a constructive total loss and sue and labour.
• Coverage under MII policies following Piraeus Bank AE v Antares Underwriting Ltd [2022] 2 Lloyd’s Rep 1 .
| Date: | 10/05/2023 |
| Chair: | TBA |
| Panellists: | Jawdat Khurshid KC of 7 KBW who appeared for the successful respondents in the recent Court of Appeal case of Quadra Commodities; Professor Professor Özlem Gürses of KCL, author of “Marine Insurance Law” (Third Edition, 2023); and Mr Peter Mellett, managing director of Bankserve and instrumental in the drafting of the policy scrutinised by the Commercial Court in Piraeus Bank AE v Antares |
| Venue: | The IDRC 1 Paternoster Lane London EC4M 7BQ |
| Time: | 6.00pm - 7.30pm |
| CPD Points: | 1.5 CPD points |