Lloyd's Law Reports

Professor Robert Merkin KC; Dr Johanna Hjalmarsson

Document

GROUP JOSI RE v. WALBROOK INSURANCE CO. LTD. AND OTHERS

[1996] 1 Lloyd's Rep. 345

COURT OF APPEAL

Before Lord Justice Staughton, Lord Justice Rose and Lord Justice Saville

Reinsurance - Letters of credit - Injunction - Allegations of non-disclosure and misrepresentation - Whether reinsurance contracts avoided - Allegation that reinsurance contracts illegal - Whether letters of credit illegal - Whether plaintiffs entitled to injunction restraining defendants from presenting documents under letters of credit - Financial Services Act, 1986, s. 132.

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