On 27 October 2016 the Institute of International Shipping and Trade Law organised a book-launch and evening seminar at the Chartered Institute of Arbitrators in Bloomsbury Square.

The Insurance Act 2015: A New Regime for Commercial and Marine Insurance Law was contributed to by numerous members of the Institute and edited by the Director Professor Barış Soyer together with the doyen of academic insurance lawyers, Professor Malcolm Clarke of St John's College, Cambridge.

As with all Institute events the attendance was impressive in both numbers and eminence, and included well-known commercial judges Lord Justice Flaux from the Court of Appeal, Mr Justice Picken from the Commercial Court and HHJ Waksman QC from the London Mercantile Court. It provided an excellent forum for sophisticated discussion on all sorts of aspects of the Insurance Act 2015, which came into force on 12 August.

Leading insurance silk Peter MacDonald-Eggers QC from 7 King's Bench Walk presented a luminous paper on good faith and non-disclosure under the new provisions; the Institute’s own Professor Tettenborn dissected the reforms designed to provide a remedy for late payment of claims; and Sir Bernard Rix, formerly of the Court of Appeal and now one of the City's top arbitrators, provided his own overall verdict on the changes introduced.

Like all the best seminars, this one concluded with a reception with an opportunity to chat, network and get signed copies of the book. This is the first work devoted specifically to the 2015 Act, and is carefully designed to provide a thorough, scholarly and critical account of some of the biggest changes in commercial insurance law for over a century.

Lord Clarke speaking at the public lecture

Lord Clarke speaking at the public lecture