AMB GENERALI HOLDING AG MANCHES SPRECHER GRIER HALBERSTAM PORTNER & JASKEL v SEB TRYGG LIV HOLDING AKTIEBOLAG MERRIFIELD

[2006] 1 Lloyd's Rep. 318

COURT OF APPEAL

Before Lord Justice Buxton, Lord Justice Tuckey and Lord Justice Maurice Kay

Arbitration - Sale of shares in insurance company - Disputes to be referred to arbitration - Seller merging and changing name - Alleged default by buyer - Arbitration proceedings commenced by solicitors in seller’s original name - Counterclaim by buyer - Whether arbitration proceedings a nullity - Whether there was express, implied or ostensible authority for the commencement of proceedings - Whether participation in proceedings ratified by new company - Whether solicitors liable for breach of warranty - Costs.