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LLR: Insurance & Reinsurance

GREAT LAKES REINSURANCE (UK) SE v WESTERN TRADING LTD

[2016] Lloyd's Rep. IR 643

COURT OF APPEAL

Before Lord Justice Laws,Lord Justice Lewison,Lord Justice Christopher Clarke

Insurance (property) – Measure of indemnity – Reinstatement – Effect of memorandum restricting recovery of reinstatement costs unless work commenced with reasonable despatch – Whether assured entitled to a declaration.

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