Insight and Intelligence on the London & International Insurance Markets 22 Aug 2017
Hull underwriters lose bid to take Kairos banker to English court
- 1 August 2017
A cohort of hull underwriters led by Aspen have lost their appeal to sue the banker of Turkey-based Kairos Shipping in an English court to recoup a $22mn payment for a ship that was later judged to have been scuttled.
A judge last week (27 July) blocked the appeal on the basis of EU rules governing where a case can be heard.
The so-called Brussels Regulation grants legal jurisdiction to courts in the EU member state in which the party...
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