Lloyd's Law Reports

Professor Robert Merkin KC; Dr Johanna Hjalmarsson

Document

TRADING COMPANY L. & J. HOFF v. UNION INSURANCE SOCIETY OF CANTON, LTD., AND C. I. DE ROUGEMONT.

(1929) 33 Ll.L.Rep. 141

COURT OF APPEAL.

Before the Master of the Rolls (Lord Hanworth) and Lord Justice Greer.

Practice-Security for costs-Appeal by foreign assured-Claim against insurers for loss of bearer shares dismissed on grounds that there was non-disclosure; that there was over-valuation; that the over-valuation was fraudulent; and that no loss had occurred-Evidence that appellants were involved in serious pecuniary difficulties and that they had no substantial assets within the jurisdiction -Substantial security ordered.

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