Final Claims Subrogation Could Leave BP Big Winner

Law360, New York (November 19, 2010, 7:11 PM EST) -- New rules for final payments under the $20 billion BP PLC spill fund will likely include a subrogation clause, and while this will surely change the dynamic among the energy company, the claimants and other parties potentially responsible for the Deepwater Horizon oil spill, it may not represent the watershed event it appears to be at first blush, attorneys say.

On Nov. 23 the Gulf Coast Claims Facility, administered by mediation czar Kenneth Feinberg, will move from accepting emergency no-strings-attached claims into a final and interim...
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