The world’s first LEG3 court decision & what it means for the CAR market
Tuesday, June 11, 20243:00 PM to 4:00 PM
Agenda
A Court in the USA has delivered the world’s first legal decision on the most generous of the three London Engineering Group (LEG) clauses related to defect exclusions, LEG3, in the case of South Capitol Bridgebuilders v Lexington Insurance Company. The fact that the Construction All Risks (CAR) market (otherwise known as the Builders’ Risk market) has been waiting for a LEG3 decision for this long means that SCB v Lexington was always going to receive a lot of attention. However, the unrestrained and intemperate language used by the Judge means that there is a risk that the decision will create more heat than light, and has the potential to lead to a reaction by CAR insurers which could negatively affect the interests of policyholders. This case study therefore attempts to take a step back from the eye-catching language used by the Judge in SCB, and to discuss what the future for LEG3 might look like.
Managing Partner, David Pryce will be joined by David B. Goodman from Goodman Law Group | Chicago, the firm that represented South Capitol Bridgebuilders.
Speakers
Senior Partner, Fenchurch Law
David was a founding partner of Fenchurch Law, which was the first law firm in the UK to specialise exclusively in representing policyholders in insurance coverage disputes.
Ranked as a leading individual by both Legal 500 and Chambers, David leads Fenchurch Law’s Reinsurance & International Risk practice group and has a particular focus on insurance disputes arising out of large construction projects both in the UK and abroad.
Founder and Managing Member, Goodman Law Group | Chicago
David is the founder and Managing Member of Goodman Law Group | Chicago, a US-based boutique litigation firm. With more than 30 years of experience representing clients in their toughest disputes, David has developed a special focus on insurance litigation, advocating for the rights of policyholders under their insurance policies.
He is a Fellow of the American College of Coverage Counsel and Litigation Counsel of America, and he has been recognized as a leading practitioner by Benchmark Litigation, Super Lawyers, and Best Lawyers, among others.
Please register below for this event. If you have any questions, please e-mail michael.hayes@fenchurchlaw.co.uk.
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