MEADOWS INDEMNITY CO. LTD. v. THE INSURANCE CORPORATION OF IRELAND PLC AND INTERNATIONAL COMMERCIAL BANK PLC

[1989] 2 Lloyd's Rep. 298

COURT OF APPEAL

Before Lord Justice May Lord Justice Neill and Lord Justice Nourse

Practice - Stay of action - Application to strike out - Credit guarantee insurance and reinsurance - Default on loan - Bank claimed under insurance - Bank began proceeding in Irish Court - Reinsurers applied for declaratory relief in English Courts - Whether reinsurers had locus standi to pursue their claim - Whether Ireland more appropriate forum - Whether application to stay should be granted - Whether proceedings should be struck out.