In a landmark decision relating to follow the settlements, the House of Lords has today overturned the decision of the Court of Appeal in Wasa v Lexington.

Reinsurers will no doubt welcome the clarity that this judgment brings to a complex area.

A BLG briefing note containing a full analysis will be circulated early next week.

In the meantime, we attach a link to the full judgment.

http://www.publications.parliament.uk/pa/ld200809/ldjudgmt/jd090730/lexing-1.htm