Underwriters Push Arbitration In $500M Oil Rig Payout Row
By Christopher Crosby ( April 13, 2018, 7:12 PM EDT) -- Syndicates of Lloyd's of London who paid out $500 million to Chevron for a Gulf of Mexico oil rig that broke asked the Fifth Circuit on Thursday to kick its reimbursement dispute with rig engineers to arbitration, saying a Texas federal judge should have never weighed in on the merits of the claims because a valid arbitration clause existed. ...
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