NORWICH UNION LIFE INSURANCE SOCIETY v QURESHI AND QURESHI NORWICH UNION LIFE AND PENSIONS LTD v QURESHI AND QURESHI HEATH CONSULTING CO LTD (THIRD PARTY)
[1999] Lloyd's Rep IR 263
QUEEN’S BENCH DIVISION (COMMERCIAL COURT)
Before Mr Justice Rix
Property Backed Guarantee Plan for Lloyd’s Name - Life insurance, mortgage and guarantee - Guarantor paying Name’s debt to Lloyd’s under guarantee - Name in default of payments under Plan - Claim by guarantor for sums owing - Whether guarantor owed duty of disclosure as to financial position at Lloyd’s to Name - Effect of Financial Services Act 1986, section 47 - Whether Plan unconscionable - Remedies available for breach of duty to disclose.