RE BALLAST ST PAUL TRAVELERS INSURANCE CO LTD v DARGAN
[2007] Lloyd's Rep IR Plus 4
CHANCERY DIVISION
Before Mr Justice Lawrence Collins
Insurance – Subrogation – Insurers indemnifying assured
and seeking to exercise subrogation rights against third party – Assured
becoming insolvent and going into liquidation – Liquidators wishing to disclaim
contract with third party giving rise to subrogation rights – Whether insurers having
equitable right over cause of action – Insolvency Act 1986, sections 178 and
181.