Oil Slick: Protecting Your Coverage Rights

Law360, New York (May 20, 2010, 11:22 AM EDT) -- On April 20, 2010, an explosion destroyed the BP-licensed Transocean Ltd. drilling rig Deepwater Horizon, located just 42 miles southeast of the Louisiana coastline. The explosion ruptured the underlying well, causing an estimated 25,000 to 100,000 barrels of crude oil per day to escape to the surface of the Mexican Gulf. As of the publication of this article, the resulting oil slick is the size of Delaware and spreading dangerously close to the fragile coastal wetlands of Louisiana. To date, efforts to stop the oil leak...
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Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.