Lloyd's Law Reports

Professor Robert Merkin KC; Dr Johanna Hjalmarsson

Document

DEUTSCHE GENOSSENSCHAFTSBANK v. BURNHOPE AND OTHERS

[1996] 1 Lloyd's Rep. 113

HOUSE OF LORDS

Before Lord KEITH OF Kinkel, Lord LLOYD OF Berwick, Lord NICHOLLS OF Birkenhead, Lord Steyn and Lord Hoffmann

Insurance (Theft) - Construction - Insuring clause 2 provided cover for loss of property by reason of theft committed by persons present on the assured’s premises - Plaintiffs handed over securities to employee of customer in exchange for undertaking to provide alternative securities - No alternative securities provided - Whether theft committed within policy cover.

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