As Brexit continues to dominate the news, Cooley has recently published a client alert on the impact of Brexit on the recognition and enforcement of judgments, which can be viewed here. Other Cooley articles on the possible ramifications of Brexit can be accessed here.
Court of appeal considers interpretation of aggregation clause in solicitors’ professional indemnity insurance
In AIG Europe Limited (Appellant) v OC320201 LLP (formerly The International Law Partnership LLP) & 5 others (Respondents) & The Law Society of England and Wales (acting in its regulatory capacity as the Solicitors Regulatory Authority) (Intervener)  EWCA Civ 367, the Court of Appeal determined the true construction of […]
Technology and Construction Court considers the meaning of “deliberate … non-disclosure” in an insurance policy exclusion clause
In Mutual Energy Ltd v Starr Underwriting Agents Ltd & Anor  EWHC 590 (TCC), the Technology and Construction Court has held that the words “deliberate … non-disclosure” must involve dishonesty. A company’s honest but mistaken belief that something need not be disclosed was not enough to allow insurers to […]
On 17 March, the European Commission published the preliminary findings of its review of the Insurance Block Exemption Regulation (“IBER”). The IBER provides a safe harbour from the EU law prohibition of anticompetitive agreements for specific types of insurance industry practice that fall within its scope.
In XL Insurance Company SE v AXA Corporate Solutions Assurance  EWHC 3431 (Comm), the Commercial Court has held that, pursuant to Article 4 of EU Regulation 1215/2012, it had no jurisdiction to hear a dispute between a French insurance company, AXA Corporate Solutions Assurance (“AXA”) and its UK based […]
An insurer’s attempt to aggregate £10 million in claims, and thereby cap its pay-out to £3 million, has been rejected by the Commercial Court in the case of AIG Europe v OC320301 LLP  EWHC 2398 (Comm). The decision turned on the interpretation of the aggregation clause and, more specifically, […]