[2025] EWHC 1430 (Comm)

Case Nos: CL-2022-000294, CL-2022-000557, CL-2022-000611; CL-2022-000662; CL-2022-000697; CL-2023-000148

IN THE HIGH COURT OF JUSTICE

BUSINESS AND PROPERTY COURTS OF

ENGLAND AND WALES

COMMERCIAL COURT (KBD)

Royal Courts of Justice, Rolls Building

Fetter Lane, London, EC4A 1NL

Before :

MR JUSTICE BUTCHER

AERCAP IRELAND LIMITED v AIG EUROPE S.A. & OTHERS (CL-2022-000294)

DUBAI AEROSPACE ENTERPRISE (DAE) LTD & OTHERS v LLOYD’S INSURANCE COMPANY S.A. AND OTHERS (CL-2022-000557)

FALCON 2019-1 AIRCRAFT 3 LIMITED v LLOYD’S INSURANCE COMPANY S.A. & OTHERS (CL-2022-000611)

KDAC AIRCRAFT TRADING 2 LTD & OTHERS v CHUBB EUROPEAN GROUP SE & OTHERS (CL-2022-000662)

MERX AVIATION SERVICING LTD & OTHERS v CHUBB EUROPEAN GROUP SE & OTHERS (CL-2022-000697)

GASL IRELAND LEASING A-1 LIMITED v THE UNDERWRITING MEMBERS OF KILN SYNDICATE 510 FOR THE 2021 YEAR OF ACCOUNT & OTHERS (CL-2023-000148)

Mark Howard KC, Stephen Midwinter KC, Edward Ho, Sophie Shaw and Sophie Bird (instructed by Herbert Smith Freehills Kramer LLP) for AerCap Ireland Limited

Alistair Schaff KC, Rebecca Sabben-Clare KC, Alexander MacDonald, Sandra Healy, Frederick Alliott and Daniel Corteville (instructed by Clifford Chance LLP) for (1) Dubai Aerospace Enterprise (DAE) Ltd and Others and (2) Falcon 2019-1 Aircraft 3 Limited

Alexander MacDonald (instructed by Clifford Chance LLP) for KDAC Aircraft Trading 2 Limited

Matthew Reeve KC and Joseph England (instructed by McGuireWoods London LLP) for GASL Ireland Leasing A-1 Limited

Robert-Jan Temmink KC and Tom Nixon (instructed by Morgan, Lewis & Bockius UK LLP) for Merx Aviation Servicing Limited and others

Gavin Kealey KC, Andrew Wales KC, David Murray, Clara Benn and Sophie Hepburn (instructed by Holman Fenwick Willan LLP) for AIG Europe S.A. and/or others in their capacity as all risks insurers in the AerCap, KDAC and Merx Claims

Jonathan Gaisman KC, Adam Fenton KC, Siobán Healy KC, Keir Howie, Jason Robinson and Charles Littlewood (instructed by Wikborg Rein LLP) for the Global Aerospace Underwriting Managers (Europe) SAS and others in the DAE, Falcon and Genesis Claims

Richard Waller KC, Jawdat Khurshid KC, Michael Ryan and Joshua Fung (instructed by Kennedys Law LLP) for Lloyd’s Insurance Company S.A. and others in their war risks capacity in the AerCap, Merx and Genesis Claims

David Railton KC, Simon Atrill KC, Adam Sher, Michael Ryan, Ian Bergson and Joseph Leech (instructed by Kennedys Law LLP) for Lloyd’s Insurance Company S.A. and others in their war risks capacity in the DAE, Falcon and KDAC Claims

James Cutress KC, Adam Sher, Simon Paul and Ian Bergson (instructed by Stephenson Harwood LLP) for AESA in its capacity as war risk insurer in the DAE and Falcon Claims

Akhil Shah KC, James Duffy KC, Nick Daly and Max Kasriel (instructed by CMS Cameron McKenna Nabarro Olswang LLP) for Tokio Marine Kiln Syndicates 0510 and 1880 for the 2021 year of account and HDI Global Specialty SE in their capacity as war risk insurers in the DAE, Falcon, KDAC, Merx and Genesis Claims

Dominic Kendrick KC, Peter MacDonald Eggers KC, Timothy Kenefick and Rebecca Jacobs (instructed by Reynolds Porter Chamberlain LLP) for Fidelis Underwriting Limited, Fidelis Insurance Ireland DAC and Fidelis Insurance Bermuda Limited

Jeffrey Gruder KC, Ben Lynch KC, David Peters KC, Nathalie Koh and Daniel Schwennicke (instructed by Clyde & Co LLP) for Chubb European Group SE

Stephen Phillips KC, Elizabeth Lindesay, Harry Wright and James Goudkamp (instructed by Penningtons Manches Cooper LLP) for Swiss Re International SE

David Bailey KC, Charles Kimmins KC, Susannah Jones, Michal Hain and Alexandros Demetriades (instructed by Kennedys Legal Solutions Pte Ltd) for Liberty Mutual Insurance Europe S.A and Lancashire Insurance Company (UK) Limited

Hearing dates:

2, 3, 7-11, 14-17, 21-24, 28-31 October 2024; 4-7, 11-14, 18-19 November 2024; 20-24, 27-31 January 2025; 3-7, 10-14 February 2025

Draft judgment was supplied to parties’ representatives on 19 May 2025.

JUDGMENT

This judgment was handed down remotely at 10:30am on 11th June 2025 by circulation

to the parties or their representatives by e-mail and by release to the National Archives.