Insight and Intelligence on the London & International Insurance Markets 22 Oct 2017

To view the full Insurance Insider site click here

Hull underwriters lose bid to take Kairos banker to English court

  • Matthew Neill 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...

  • If you are a non-subscriber but would like to be able to view this article, then please go to our Publications page for further information on joining our readership
  • Login Free trial
  • Login