Triumph at court
Bessey, J.
Triumph at court - 2001 - Building 266(8190) 22 June 2001, 52-53(2) .
Considers how, in the light of the judgment in "Matalan v Tokenspire", a subsidiary company can be compensated for a loss it had incurred but which had been paid for by the parent, even where the parent was not a party to the contract. Observes that it is the party which has suffered the initial damage, rather than the party that has paid to put it right, that is entitled to compensation. Also looks at joint insurance in relation to recovery of loss.
COMPENSATION
DAMAGE
Insurance
JOINT INSURANCE
MATALAN V TOKENSPIRE
Triumph at court - 2001 - Building 266(8190) 22 June 2001, 52-53(2) .
Considers how, in the light of the judgment in "Matalan v Tokenspire", a subsidiary company can be compensated for a loss it had incurred but which had been paid for by the parent, even where the parent was not a party to the contract. Observes that it is the party which has suffered the initial damage, rather than the party that has paid to put it right, that is entitled to compensation. Also looks at joint insurance in relation to recovery of loss.
COMPENSATION
DAMAGE
Insurance
JOINT INSURANCE
MATALAN V TOKENSPIRE