29 Nov 2012
COLIN WILLIAM BRIGHT AND GEORGE MCCULLOCH JOHNSTON AS EXECUTORS OF THE ESTATE OF JEFFREY LLOYD REID HC AK CIV-2012-404-7084
- Citation
- openlaw-24ae07b2_1de5_4389_b8be_0bdde1663106.pdf
- Court
- High Court
Given full disclosure, confirmations that the deceased's syndicate remained within the Equitas arrangements, up-to-date financial information showing Equitas' capacity, beneficiary indemnities and absence of creditor claims, the Court followed Re Yorke/Hall/Thompson and concluded the risk of contingent claims was sufficiently remote and therefore granted leave to the executors to distribute the residuary estate without retention for contingent Lloyd's liabilities.