What is in a name? The effect of a basis of the contract clause — revisited
Readers will recall the decision of Mr Justice Akenhead in Genesis Housing Association Ltd v Liberty Syndicate Management Ltd for and on behalf of Syndicate 4472 at Lloyd’s  EWHC 3105 (TCC) in which it was held that a misstatement in the proposal form constituted a breach of warranty due to the basis of the contract clause contained in the proposal form.
The insurer, Liberty Syndicates, was as a result discharged from all liability. Genesis was aggrieved by this decision and appealed. The Court of Appeal, in a unanimous judgment delivered by Lord Justice Jackson on 4 October 2013, has firmly upheld that decision, confirming the impact of basis clauses in proposal forms. It also considered the impact of the declaration of the signatory as to the accuracy of the information supplied.
The Court of Appeal also commented on the impact of a condition of the cover dealing with the right to avoid in the event of misrepresentation…
If you are registered and logged in to the site, click on the link below to read the rest of the Ince & Co briefing. If not, please register or sign in with your details below.
News from Ince & Co
News from The Lawyer
Briefings from Ince & Co
Ince & Co provides an overview of the contractual issues that may arise should matters escalate in Ukraine.
The recent case of Astipalaia v Hanjin Shenzhen  EWHC 120 (Admlty) has revisited the existing case law on assessment of damages following a collision.