Paris Court of Appeal, 27 March 2018, RIVERSTONE v. M. B… FELDMAN and KRAMER LEVIN NAFTALIS & FRANKEL LLP lawfirm, no. 15/10183

Two companies, CTR (absorbed by Riverstone) and ICD concluded several reinsurance treaties including arbitration clauses. ICD company has been wound up and the liquidator pursued arbitration proceedings against Riverstone and other reinsurers. The arbitral tribunal ordered Riverstone to pay a sum of money to ICD and found that as Riverstone did not report its debt [...]

England and Wales Court of Appeal, 13 March 2018, Allianz Insurance v. Tonicstar, [2017] EWHC 2753 (Comm)

The Court of Appeal confirmed the appointment of a British QC as arbitrator in a reinsurance dispute relating to the 9/11 attack on the World Trade Center. The lower court previously found that the QC lacked the necessary experience. The standard set of clauses in common use in the London market for excess of loss [...]

Nancy Court of Appeal, 13 September 2017, SCI Navi & others v. Voies Navigables de France (VNF) & others, no. 16/03168

Following damage caused by Navi’s barge, VNF sued Navi and its insurers for payment of € 2.8 million in damages before a French commercial court. The defendants pointed out the existence of an arbitration clause in the insurance contract. Nonetheless, the Court dismissed this procedural objection, noting the lack of probative value of the document [...]

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