MEADOWS INDEMNITY CO. LTD. v. INSURANCE CORPORATION OF IRELAND LTD. AND INTERNATIONAL COMMERCIAL BANK PLC

[1989] 1 Lloyd's Rep. 181

QUEEN’S BENCH DIVISION(COMMERCIAL COURT)

Before Mr. Justice Hirst

Practice - Stay of action - Application to strike out - Credit guarantee insurance and reinsurance - Default on loan - Bank claimed under insurance - Bank began proceedings in Irish Court - Reinsurers applied for declaratory relief in English Courts - Whether reinsurers had locus standi to pursue their claim - Whether Ireland more appropriate forum - Whether application to stay should be granted - Whether proceedings should be struck out.