Ahmad Ali Mortazavi and a Spanish real estate company, Glen Falls SL, brought a £2.6m High Court claim against two of their insurers, Aviva and the National House Building Council (NHBC) alleging that the companies failed to properly inspect and repair water damage to their properties.
NHBC’s application for summary judgment was refused on the basis that the property owners’ claim was clear enough to indicate a reasonable case to take to trial.
The parties have now reached agreement, as reported in Law360.
Marc Glover acted for the property owners.
Nora Wannagat examines the Court of Appeal's decision in National Iranian Oil
