Author Archives: David Young

High Court rules on reimbursement of defence costs under ICAEW Minimum Terms

In Michael Jonathan Christopher Oldham v QBE Insurance (Europe) Limited [2017] EWHC 3045 (Comm) Mr Justice Popplewell held that under a policy governed by the ICAEW Minimum Terms (the minimum professional liability coverage requirements mandated by the Institute of the Chartered Accountants of England and Wales), where it is determined that a claim is not covered by the policy, an assured must reimburse the defence costs that have been advanced by its insurer.

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