Lloyd's Law Reports

Professor Robert Merkin KC; Dr Johanna Hjalmarsson

Document

ARAB BANK PLC. v. ZURICH INSURANCE CO. BANQUE BRUXELLES LAMBERT S.A. v. ZURICH INSURANCE CO. AND HAYDEN

[1999] 1 Lloyd's Rep. 262

QUEEN’S BENCH DIVISION(COMMERCIAL COURT)

Before Mr. Justice Rix

Insurance (Professional Indemnity) - Liability - Fraudulent valuations - Director of estate agents issued fraudulent valuations in company’s name - Plaintiffs obtained judgment against estate agents for negligent valuations - Estate agents in liquidation - Plaintiffs claimed against estate agents’ professional indemnity insurers - Whether dishonest mind and knowledge of director to be imputed to estate agents -Whether insurers liable to plaintiffs.

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