PROJECT ANGEL BIDCO LTD V AXIS MANAGING AGENCY LTD AND OTHERS

[2024] EWCA Civ 446, Court of Appeal, Lord Justice Lewison, Lord Justice Arnold and Lord Justice Phillips, 2 May 2024

Insurance (warranty and indemnity) – Exclusion for loss arising from breach of anti-bribery and anti-corruption laws – Principles of construction – Inconsistency – Correction of obvious error

On 19 November 2019 PABL agreed under a share and purchase agreement (SPA) to acquire from the vendors the entire share capital of Target, which carried on business as a provider of civil engineering and construction services to Liverpool City Council and other local authorities.