FINANCIAL SERVICES COMPENSATION SCHEME LTD v LARNELL

[2006] Lloyd's Rep IR 448

COURT OF APPEAL

Before Lord Justice Lloyd, Lord Justice Moore-Bick and Sir Peter Gibson

Insurance (liability) - Limitation of actions - Limitation period for claim against assured becoming insolvent - Whether claim time-barred by running of time after insolvency of assured - Impact of 15-year long-stop - Effect on limitation period on claim under Third Parties (Rights Against Insurers) Act 1930 - Limitation Act 1980, sections 14A and 14B.