OVERSEAS UNION INSURANCE LTD. v. AA MUTUAL INTERNATIONAL INSURANCE CO. LTD.

[1988] 2 Lloyd's Rep. 63

QUEEN’S BENCH DIVISION(COMMERCIAL COURT)

Before Mr. Justice Evans

Reinsurance - Stay of action - Arbitration clause - Defendants claimed under reinsurance agreement and appointed arbitrator - Plaintiffs denied liability alleging oral agreement - Whether oral agreement a collateral agreement - Whether reinsurance agreement should be rectified - Whether claims within the scope of the arbitration clause - Whether agreement illegal - Whether action should be stayed - Arbitration Act, 1975, s.1.