South Africa and global insurance, financial institutions, banking and general law know–how
In this Covid-19 business interruption judgment [SCA judgment in AIG v 43 Air School and others], the Supreme Court of Appeal maintained its broad interpretation of the insured peril of an infectious disease extension, despite the contrary interpretation adopted by the UK Supreme Court.
The court ruled that the policy provided cover…
In this Covid-19 business interruption judgment [SCA judgment in AIG v 43 Air School and others], the Supreme Court of Appeal clarified the distinction between joint and composite policies of insurance in relation to the multiple insureds of one insurer under one policy.
The policy included an extension which provided cover for interruption to…
In a highly anticipated judgment [90.pdf (saflii.org)], the Supreme Court of Appeal found that a firm of attorneys was not liable for failing to warn a purchaser of the property of the risk of cyber fraud.
The dispute arose out of a conveyancing transaction in which the purchaser’s email account had been hacked…
It is common practice between retailers and wholesalers of petroleum products to continue their lease agreements on a month-to-month basis when the original agreement terminates through the lapse of the contract period. Monthly leases can be terminated on the agreed or implied notice period. However, the correct calculation of the notice period is essential to…
A May 2023 judgment of the English High Court has confirmed the position that under English law the scope of cover available to a party identified as a co-insured may be more limited than the cover available to the principal insured, even where it is expressly named on the policy. The co-insured is at risk…
An April 2023 judgment of the English Court of Appeal has confirmed that under English law the scope of cover available to a party identified as a co-insured may be more limited than the cover available to the principal insured. The co-insured is at risk of facing a subrogated claim from the insurer where it…
