Allianz Insurance Co – Egypt v Aigaion Insurance Co SA
Court of Appeal
“In the context of a reinsurance contract, where a gap opened up between what had been previously quoted and agreed and what had been defined on the slip as the determinative contract, an e-mail reply by the defendant reinsurer’s representative was to be construed as an acceptance, which gave priority to the slip, rather than a counter-offer, which would have given priority to previous stipulations.”
The Times, 20th January 2009
Source: www.timesonline.co.uk
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