In brief: Lloyd's hearings denied global moratorium

The prospect of a global moratorium on Lloyd's action group hearings has receded. The idea was put forward by D J Freeman, which told the Commercial Court that action groups with trial dates set before the finalisation of the Lloyd's settlement offer were effectively prevented from considering it because of the importance of retaining their place in the trial running order. The firm asked for a review of litigation and consideration of a global adjournment. But partner Dorothy Cory-Wright, who is acting for the Wellington Names, says: "We have been informed by the Commercial Court that Mr Justice Cresswell does not believe there is sufficient support for a moratorium."