UK Insurers Hit Out At Competition Claims In France Oil Fight

Law360, London (November 13, 2020, 2:55 PM GMT) -- Insurers fighting liability for tens of millions of euros in damage done to the French coast by a sunken oil tanker have denied claims by the country that a key contract clause is unenforceable because it violates European antitrust law.

The London Steam-Ship Owners' Mutual Insurance Association said it was an "abuse of process" for France to argue that a clause limiting liability in the contract it drew up with for the owners of the MV Prestige stemmed from an anti-competitive agreement.

The ship sank off the coast of Spain in 2002, causing what a Spanish court ruled was $1 billion of environmental...

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!

TRY LAW360 FREE FOR SEVEN DAYS

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?
Beta
Ask a question!