Allianz Settles London Property Owner's Water Damage Suit

Law360, London (October 2, 2019, 4:29 PM BST) -- Insurer Allianz has inked a settlement agreement with the owner and developer of a £10 million ($12.3 million) office and apartment building in London, dubbed The Cube, over water damage to the structure, a judge at a London court has said.

Judge Stephen Phillips paused the High Court dispute between the insurer and Regal Wenlock Road Ltd. after they reached a confidential agreement in September, according to an order dated Oct. 1. The order, known as a stay, can subsequently be lifted.

The property, a 10-story development of 50 residential apartments above commercial units in the newly fashionable district of Hoxton, was damaged...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.


  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!

TRY LAW360 FREE FOR SEVEN DAYS

Related Sections

Law Firms