Astrazeneca v XL Insurance A3/2013/0824
On 28 February 2013, we reported on the decision of Flaux J in Astrazeneca Insurance v XL Bermuda and Ace Bermuda, the first case in which the English courts had been asked to consider the proper interpretation of a ‘Bermuda Form’ policy.
The case concerned a claim by Astrazeneca Insurance, the captive insurer of the worldwide pharmaceutical company, against XL Bermuda and Ace Bermuda under a £133m layer of liability cover in respect of more than $800m (£490m) that Astrazeneca had paid to defend and settle claims made against it in the US and elsewhere in connection with its blockbuster drug, Seroquel…
If you are registered and logged in to the site, click on the link below to read the rest of the 7KBW briefing. If not, please register or sign in with your details below.
News from 7KBW
Briefings from 7KBW
On 5 June 2014, the Court of Appeal dismissed the appeal of the owners of Falkonera, a very large crude carrier (VLCC) against the judgment of Mr Justice Eder.
Gavin Kealey QC and Tim Jenns acted for the claimant, BAT Industries, in a substantial jurisdiction application.