IRON TRADES MUTUAL INSURANCE CO. LTD. AND OTHERS v. J. K. BUCKENHAM LTD.

[1989] 2 Lloyd's Rep. 85

QUEEN’S BENCH DIVISION(COMMERCIAL COURT)

Before Mr. K. S. Rokison Q.C. (Sitting as a Deputy Judge of the High Court)

Limitation of time - Application to strike out - Defendants placed reinsurance with Portuguese company - Portuguese company failed to pay on claims alleging non-disclosure misrepresentation and breach of warranty - Plaintiffs claimed against defendants - Whether action time barred - Whether plaintiffs could rely on Limitation Act 1980 s. 14 and Latent Damage Act 1986, s. 1 - Whether plaintiffs’ action should be struck out.