Hackney Empire has won £1.6m following the conclusion of its long-running dispute with Aviva, with the judge highlighting the role Lord Sugar played in backing the east London theatre's claim, writes Allister Hayman. The theatre won a 10-year battle with the insurer over a £l.lm surety bond in April. Now the judge has awarded it nine years worth of interest on the bond, adding up to £500,000, which brings the total amount won to £1.6m. Hackney Empire's victory is likely to come as a relief to the many contractors and clients that rely on bonds for security on projects. Aviva had refused to pay up when Sunley Turriff, the contractor and project manager on an £llm refurbishment of the Victorian theatre, went into administration in 2003, despite it having agreed the bond with the contractor.
展开▼
