The appellant appealed a trial judgment dismissing his claim for declaratory relief related to an insurance policy and sought leave to appeal a substantial indemnity costs award of $1,250,000.
The trial judge found that the policy contained a common mistake in the paid-up values table and ordered rectification.
The appellant argued that rectification was unavailable as a remedy and that any rectification claim was statute-barred under the Limitations Act.
The Court of Appeal upheld the trial judgment, finding that rectification was an appropriate remedy for the common mistake and that the claim was not statute-barred because the injury, loss, or damage only occurred when the appellant sought to resile from the parties' common understanding.
The court also upheld the substantial indemnity costs award, finding the appellant's conduct worthy of judicial sanction.