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Louise Glover Louise Glover

Enterprise Act 2016: Amendments to the Insurance Act 2015

“Further to Part 5 of the Enterprise Act 2016 an additional section (s.13A) will be added to the Insurance Act 2015 establishing an implied term in every contract of insurance (and reinsurance) that a claim must be paid within a "reasonable time"; otherwise, policyholders will be able to claim damages if an insurer's unreasonable delay causes additional losses. The provisions of the Enterprise Act 2016 will come into force on 4th May 2017.”

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Court of Appeal Louise Glover Court of Appeal Louise Glover

Mitsui & Co Ltd & Ors v Beteiligungsgesellschaft LPG & Ors [2016]

“Following ransom negotiations that lasted for 51 days between Owners and pirates, it was held that Owners could not recover crew-related expenses or bunkers as general average for that period since these expenses were not incurred as a true alternative to the pirates' initial ransom demand, and therefore not within the meaning of Rule F of the York Antwerp Rules.”

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Commercial Court Louise Glover Commercial Court Louise Glover

L v A [2016]

“An Owner entitled to an indemnity from the Charterer was entitled to an immediate monetary payment, even when the judgment against which the indemnity was sought had an appeal pending.”

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