COLONIAL MUTUAL GENERAL INSURANCE COMPANY LTD V ANZ BANKING GROUP (NEW ZEALAND) LTD

(1995) 4 Re LR 275

Judicial Committee of the Privy Council

Before Lord Goff of Chieveley, Lord Jauncey of Tullichettle, Lord Browne-Wilkinson, Lord Nolan and Lord Hoffmann

Assignment - Mortgage - Mortgaged property - Fire insurance policy covering property taken out by mortgagor - Entitlement of second mortgagee to proceeds of policy - Whether valid notice of assignment given to insurer - Whether mortgagee still had interest by way of charge on proceeds.