FREAKLEY v CENTRE REINSURANCE INTERNATIONAL CO

[2005] Lloyd's Rep IR 264

CHANCERY DIVISION

Before Mr Justice David Richards

Insurance (liability) - Reinsurance - Debtor companies incurring substantial liabilities for asbestos claims - Debtor companies becoming insolvent and going into administration in United Kingdom - Application by debtor companies in United States for relief under Chapter 11 - Declarations sought by administrators - Whether agreed plan involved transfer of rights or liabilities by debtor companies - Effect on claims handling.