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Case review 16/08/2022
MT ZOUZOU: Court of Appeal declines to hear mortgagee bank’s appeal of Commercial Court decision clarifying the scope of MII policy cover in MII underwriters’ favour
By an Order dated 15 August 2022, the Court of Appeal has refused Piraeus Bank’s application for permission to appeal the decision of the Commercial Court in Piraeus Bank v Antares Underwriting Limited and others (‘The ZOUZOU').
In this briefing, we consider some recent decisions covering wilful misconduct under the CMR, apportionment of liability under the Collision Regulations, the construction and scope of indemnity cover of mortgagee's interest insurance policies and the power of a ship’s master to arrest or confine a person on a ship at common law.
Case review 17/05/2022
MT ZOUZOU: detention, constructive total loss and mortgagee’s interest insurance - Commercial Court clarifies scope of indemnity
The Commercial Court handed down judgment today in Piraeus Bank v Antares Underwriting Limited and others ('The ZOUZOU'), providing clarity in respect of the proper construction and scope of indemnity cover of mortgagee's interest insurance (MII) policies.