Complex aspects of insurance law are set to tax the Law Lords. They have given leave for an appeal in the case of Fuji Finance v Aetna Life Insurance & ors. The case centres on a policy taken out by Fuji in 1986 with Aetna's predecessors, Tyndall Assurance, covering the life of Fuji's attorney, a Mr Tait. Fuji paid £50,000 for £1m cover but claims the policy was altered in 1991. It is seeking damages for breach of contract. One of the questions being argued as a preliminary issue is whether the contract was a contract of life insurance. So far the High Court has ruled that it was not and the Court of Appeal has ruled that it was.
Official fears for Law Soc under Labour
A top Law Society official has warned that its regulatory role will be threatened under a Labour government unless it keeps public confidence. Writing in Legal Action, the monthly journal of the Legal Action Group, John Randall, director of the professional standards and development directorate, highlighted three key areas of risk which could bring about […]