Chubb's $400M Fire Suit Belongs In UK, Top Court Rules

Law360, London (October 9, 2020, 10:32 AM BST) -- The U.K. Supreme Court ruled Friday that courts should look at what jurisdiction's laws are most closely linked to arbitration agreements if the parties have not explicitly agreed on what law to apply, rejecting Chubb's bid to pursue a $400 million claim against a policyholder in Russia.

Britain's highest court said in a split decision that Chubb's dispute with a Turkish construction company over a $400 million fire insurance payout belonged in the U.K., not Russia. (UK Supreme Court) In a 3-2 split decision, the U.K. Supreme Court upheld an April appellate ruling that Chubb Ltd. and three of the multinational...

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