SUTHERLAND PROFESSIONAL FUNDING LTD v BAKEWELLS AND OTHERS CHARTIS INSURANCE (UK) LTD (THIRD PARTY)ROYAL & SUN ALLIANCE INSURANCE PLC (FOURTH PARTY)

[2013] Lloyd's Rep. IR 93

QUEEN'S BENCH DIVISION(MERCANTILE COURT)

Before His Honour Judge HEGARTY

Insurance (professional indemnity) - Solicitor - Interim funding arrangements between clients and lender - Solicitors guaranteeing repayment - Whether liability under guarantee covered by professional indemnity policy - Whether debt constituted damages or compensation - Whether liability excluded by "trading debts" exclusion.