This article was co-authored by Mololuwa Olanrewaju, trainee solicitor.
Last week, the Court of Appeal handed down a decision in the case of Office Properties v Adcamp LLP [06.02.26] which dealt with adding defendants to a claim after the expiry of limitation, focussing on successor practices following insolvency. This is the latest case on the impact of limitation when dealing with claims under the Third Parties (Rights Against Insurers) Act 2010 (the 2010 Act).
In the current economic climate, many companies are entering liquidation or other insolvency events. This is especially the case in the construction sector and consequently, insurers are being faced with increased claims brought under the 2010 Act. Under the old law (Third…