TOTAL LIBAN S.A.L. v. VITOL ENERGY S.A.

[1999] 2 Lloyd's Rep. 700

QUEEN’S BENCH DIVISION(COMMERCIAL COURT)

Before Mr. Peter Gross, Q.C. Sitting as a Deputy Judge of the High Court

Contract - Breach - Indemnity - Assignment - Champerty - Assumption that defendants breached contract with third party resulting in third party being liable to claimants - Third party assigned rights against defendants to claimants - Whether claimants could recover loss prior to third party discharging its liability to claimants by payment - Whether assignment void for champerty.