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LLR: Insurance & Reinsurance

SCREEN PARTNERS LONDON LTD v VIF FILM PRODUCTION GMBH & CO

[2002] Lloyd's Rep IR 283

COURT OF APPEAL

Before Lord Justice Mummery, Lord Justice Rix and Sir Murray Stuart-Smith

Insurance - Time variable cover (TVC) - Film finance - Alleged agreement whereby investors in films were to obtain TVC, shortfall or gap insurance only from risk managers - Investors obtained policy from third party - Whether policy amounted to TVC, shortfall or gap insurance - Quantum meruit - Whether claim should be allowed to proceed.

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