Latest news and views tagged indemnity
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There was good and bad news for homebuyers in the Chancellor’s recent Autumn Statement.
The introduction of a new-build indemnity scheme, aimed at increasing the supply of affordable mortgage finance...
Agent can act for competing principals under Commercial Agents Regulations – Rossetti Marketing v Diamond Sofa, High Court
S had been appointed as Diamond’s agent for the sale of Diamond’s leather upholstery products in the UK and Ireland. Four years later, S transferred its business to Rossetti. Shortly after the transfer,...
The impact of indemnity insurance on success fees and conditional fee agreements
Introduction
In the recent Court of Appeal case of Sousa –v- Waltham Forest London Borough Council [2011] EWCA Civ 194, the Court considered whether a claimant was entitled to recover a success...
Is a guarantee liability a liquidated sum?
Is a creditor entitled to bring bankruptcy proceedings in respect of a guarantee and indemnity?
In this case , the question the court asked was whether a guarantee liability, is a liability for a...
Agent entitled to indemnity even if serious breach discovered after termination notice has been given – Volvo v Autohof, European Court of Justice
Under the European Union’s Commercial Agents Directive, agents are entitled to be indemnified or compensated on termination of their agency agreements, except in some limited situations such as when...
It’s not personal…
An indemnity given by a financial advisor was not personal and therefore could be enforced by an assignee said the Court of Appeal in Shaw v Lighthousexpress Ltd [2010] EWCA Civ 161.
Berkeley...
Automatic termination of indemnity upon insolvency event breaches anti-deprivation rule – Mayhew v King, High Court
T agreed to indemnify M in a contract in relation to some particular litigation that may be brought against M. The agreement said that the indemnity would automatically end if M suffered any insolvency...
Court of Appeal issues reminder to use clear words for negligence in limitation of liability and indemnity clauses – Jose v MacSalvors, Court of Appeal
Brush hired a crane from MacSalvors using the Construction Plant Hire Association’s Model Conditions for Plant Hire. Along with the crane, Mr Thomas Jose, the crane operator, was also provided for hire....