Bank of Novia Scotia v. Hellenic Mutual War Risks Association (Bermuda) Ltd. (The Good Luck) - House of Lords (Lord Bridge, Lord Brandon, Lord Oliver, Lord Goff and Lord Lowry) - 16 May 1991

Whether War Risks club liable to bank under letter of undertaking for failing to advise bank promptly that mortgaged vessel was no longer insured by club

The Good Faith group of companies was run by a Captain Frangos and a Mr. Moundreas. In 1981 the group was entered in the Hellenic Mutual War Risks Association (Bermuda) Ltd. (“the club”). The club was managed by Thomas R. Miller & Son (Bermuda) Ltd. (“Millers”).