NORD STREAM AG v LLOYD’S INSURANCE COMPANY SA AND ANOTHER
[2026] Lloyd's Rep. IR Plus 21
KING’S BENCH DIVISION (COMMERCIAL COURT)
Before Dame Clare Moulder DBE
Insurance (property) – War risks exclusion – Whether exclusion overridden by incorporated terms – Whether exclusion extended to political risks – Damage to pipelines from explosion – Meaning of “by or under the order of any government”.