|Source:||All England Reporter|
|Publisher Citation:|| All ER (D) 1413|
John Jarvis QC sitting as a deputy judge of the High Court
|Representation||Richard Ritchie (instructed by Leborne Mitchell) for the syndicate.|
|Konrad de Kerloy of Lovell White Durrant for N.|
|Judgment Dates:||10 December 1999|
Trust - Creation of trust - Express trust - Applicability to contract of reinsurance - Whether express purpose trust arose where agreement to pay premiums into separate account to be used solely as collateral for issuance of letters of credit - Whether negotiations admissible as an aid to construction where written document sets up a trust.