Subscribe to RSS feedEnd in sight for the Exxon Valdez law saga
by
Obsidian
—
last modified
Mar 17, 2005 12:00 AM
EQuitas can begin sorting out a complex US$780m claims roundabout after a judgment in the Court of Appeal in London brought clarity to a reinsurance dispute related to the Exxon Valdez oil spill.
The court has rejected an appeal by the D G King Syndicate 745, made through the specialist reinsurance vehicle of Lloyd's names, against a decision by Mr Justice Colman last May in favour of retrocessionary insurer Brandywine Re.
The court...
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