Solicitors had arranged loans to cover for clients the disbursements to be made for litigation. The solicitors had then acted so as to breach the agreements, and upon being called on themselves to repay, the solicitors went into liquidation. The court was now asked whether their professinal insurers were liable to the cients, when the insurance contracts excluded ‘trading liabilities’.
Held: The insurers’ appeal succeeded.
Lord Mance , Lord Sumption , Lord Carnwath , Lord Toulson , Lord Hodge JJSC
[2016] UKSC 57, [2016] 3 WLR 1422, [2016] WLR(D) 558
Bailii, WLRD
England and Wales
Insurance, Legal Professions
Updated: 25 January 2022; Ref: scu.570981