MERRILL LYNCH INTERNATIONAL BANK LTD v WINTERTHUR SWISS INSURANCE CO

[2007] Lloyd's Rep IR Plus 23

QUEEN’S BENCH DIVISION(COMMERCIAL COURT)

Before Mrs Justice Gloster

Insurance (credit indemnity) – Policy taken out to cover bankruptcy and default risks – Whether events falling within terms of cover – Whether due notice given to insurers – Whether sum payable by insurers was to be reduced by actual payment later made by debtor – Date of running of interest – Supreme Court Act 1981, section 35A.