Offshore Co. Must Post Security In €21M Insurance Fight

Law360, London (June 13, 2019, 2:14 PM BST) -- An offshore holding company has been ordered to post £1.5 million ($1.9 million) as security to cover the court costs of two European insurers in case it cannot force them to pay €21.3 million ($24 million) for losses at a Dutch aluminum factory, according to documents filed at a London court.

High Court Judge Robin Knowles has given Lassan Holdings Ltd. until the end of the month to post the first of five security deposits, money that could cover the insurers' costs if the Jersey-based company loses its legal battle at the High Court in London.

Lassan is suing the insurers, Italy's Assicurazioni...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.

  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!


Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Ask a question!