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Crestline Direct Finance LP v Insurance Company Euroins AD
[2026] EWHC 423 (TCC) | Technology and Construction Court, London
Before Simon Lofthouse KC sitting as a Deputy Judge of the High Court | Heard 15 to 16 January 2026 | Handed down 26 February 2026
Knowledge Check
Bond assignment and summary disposal
This Knowledge Check examines Crestline Direct Finance LP v Insurance Company Euroins AD [2026] EWHC 423 (TCC). Crestline claimed GBP 3,690,296 under a guarantee bond connected with an amended JCT Design and Build Contract 2016 for two residential blocks in Slough.
Crestline sought strike-out or summary judgment against Euroins. The court first examined whether Crestline had received an effective assignment of the bond rights on which its claim depended.
Deputy High Court Judge Simon Lofthouse KC found that the evidence did not explain an apparent earlier assignment. That unresolved issue gave Euroins a real prospect of defending the claim, so every application was dismissed.
This Knowledge Check covers
- The bond, building contract and parties
- The procedural tests for strike-out and summary judgment
- The unclear assignment history
- The issues left for trial
- The contractor's administration
- Consent to assign the bond
- The later deed of assignment
- The insolvency-accounting provisions
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Legal Disclaimer
This Knowledge Check is provided for educational and professional development purposes only and does not constitute legal advice. The content reflects interpretations and analyses that may not apply to specific circumstances. Contract interpretation depends on specific wording, jurisdiction, and factual context. Always consult qualified legal professionals before making decisions based on this content. SCCSI and its contributors accept no liability for reliance on this material.