With effect from 12 October 2016, the 10th anniversary of the Effective Date, expedited and maximum values will increase as follows: 1. Trust and EL Claims made under the laws of England, Wales, Northern Ireland and Scotland (save for Trust Claims concerning deceased Injured Persons where Asbestos Disease (Levels I, II or III) was causative […]
At the hearing on 28 September 2016, the High Court made an Order approving the assignment agreement with the US Asbestos Trust and consequential amendments to the Trust Deed and TDP. A copy of the Order, which appends the assignment agreement and proposed amendments, is available here. Details of the application, including the witness statements […]
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The UK Asbestos Trustee has applied to court for approval of an assignment agreement with the US Asbestos Trust and consequential amendments to the Trust Deed and TDP. The hearing will be at 10.30 am on 28 September 2016 at the High Court in London. An explanation and relevant documents are available by clicking on […]
Following the Court of Appeal’s decision in the case of Heneghan v Manchester Dry Docks Ltd and Others, the Trust will, with immediate effect, treat lung cancer claims as divisible.
1. Review of Payment Percentages The Actuarial review of Payment Percentages has now been carried. As a result, the dividend paid from the EL Fund will be reduced from 100p/£ to 60p/£ with immediate effect. It is anticipated that a further 5p/£ will be paid from the EL Fund five years after payment of the […]
Following the recent announcement of suspension of the TBA Fund, the new dividend has now been set at 10p/£. It is not anticipated there will be a second dividend from the TBA Fund
Recent claims experience shows that there has been a greater volume, with higher values, of claims from the TBA Fund Read More…