McALLISTER (STEPHEN) AND McALLISTER (CHRISTINE) v SOCIETY OF LLOYD’S

[1999] Lloyd's Rep IR 487

CHANCERY DIVISION (IN BANKRUPTCY)

Before Mr Justice Carnwath

Lloyd’s - Application to Hardship Committee by Names - Names signing Reconstruction and Renewal Settlement Offer and Finality Statement - Negotiations to enter into Hardship Agreement - Negotiations broken off by Lloyd’s - Whether Names pressurised to enter into Settlement Agreement - Whether Lloyd’s entitled to withdraw from negotiations - Whether Lloyd’s under binding obligation to use best endeavours or not to frustrate the making of a Hardship Agreement.