Sphere Drake Insurance Ltd and Another v Euro International Underwriting Ltd: ComC 8 Jul 2003

Relationships between Lloyds underwiters and others in the market rather than just names, could also bind the underwriter to a fiduciary relationship. Here the claimant had granted to the defendant a binding authority. This was in effect a similar relationship as would exist between underwriter and name. The defendant wrote business it knew to be contrary to the claimant’s interest and it acted dishonestly.
Thomas J
[2003] EWHC 1636 (Comm), Times 11-Aug-2003, [2003] 1 Lloyd’s Law Reports 525
Bailii
England and Wales
Cited by:
CitedFiona Trust and Holding Corp and others v Privalov and others ComC 20-Oct-2006
The parties disputed whether their claim should be arbitrated.
Held: A claim as to whether the contract itself had been made was not one which could be arbitrated by provisions in that contract. It does not arise ‘under’ the contract. The . .

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Updated: 11 July 2021; Ref: scu.184655