The civil restraint orders granted yesterday by the High Court are another significant step towards ending the long running saga of Names' litigation against Lloyd's and make it extremely difficult for Names to issue fresh claims against us.
We now hope that their outstanding application to the Court of Appeal for permission to appeal the strike out of the Reinsurance to Close (RITC) claim will be dismissed in the next couple of months.
Lloyd's General Counsel Sean McGovern said:
"Yesterday in the High Court, extended civil restraint orders were made against a number of members of Lloyd's preventing them, without first obtaining the permission of the court, from bringing further legal action relating to their underwriting at Lloyd's. This follows the striking out of their most recent action against Lloyd's, the latest in a line of failed cases. The judge described the Names' conduct as vexatious and bordering on harassment of Lloyd's. Lloyd's welcomes the decision which should prevent Lloyd's and the court wasting further time and expense in dealing with these hopeless cases."
