R v COUNCIL OF THE SOCIETY OF LLOYD'S, EX PARTE CARPENTER & ANOR(1984)
INSURANCE - EMPLOYMENT - CIVIL PROCEDURE
UNDERWRITERS AND UNDERWRITING - LLOYD'S UNDERWRITERS - DISCIPLINE
Resignation to escape disciplinary proceedings ineffectual
Application for review by former directors of underwriting group,of Lloyd's Committee's decision to continue disciplinary proceedings against them notwithstanding their resignations from Lloyd's, refused.
HELD: Each applicant had undertaken on becoming a member that he would not resign "without giving to the Committee such notice of his intention as may be required by them.." The Committee, which had been set up under the Lloyd's Act 1982, had a discretion to refuse an immediate resignation which was what it did. Applicants therefore were still members & it was unnecessary to consider whether the disciplinary proceedings could continue if they were not.
Document No. AC1746547