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September 21 2010

START DATE

END DATE

October 7 2010

Lancashire Insurance Company Limited vs. MS Frontier Reinsurance Ltd.

COURT:

LAW:

JUDGE(S):

CLAIMANT'S LAWYER:

DEFENDANT'S LAWYER:

Supreme Court of Bermuda

Commercial Law Contract Law

Narinder Hargun Conyers Dill & Pearman

David Kessaram Cox Hallett Wilkinson

FACTS OF THE CASE:

Dispute over defendant's decision not to take up an assignment of plaintiff?s lease due to a decline in rental values and whether the defendant was entitled to terminate the agreement based on the 'Condition Date' not occurring before December 31 2009

SUMMARY:

Interpretation of 'Condition Date' entitlement to terminate the agreement waiver and estoppel claims

OUTCOMES:

Defendant entitled to terminate the agreement but consideration of waiver and estoppel claims

RULED IN FAVOUR OF:

Defendant

PLAINTIFF/CLAIMANT

DEFENDANT:

DURATION (DAYS):

ISSUES:

RELEVANCE:

RULING:

RULING TYPE:

CASES CITED:

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Lancashire Insurance Company Limited vs. MS Frontier Reinsurance Ltd.

Dispute over defendant's decision not to take up an assignment of plaintiff?s lease due to a decline in rental values and whether the defendant was entitled to terminate the agreement based on the 'Condition Date' not occurring before December 31 2009

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