How NY Navigation Law Leaves Fracking Insurers Liable
October 5, 2012, 12:57 PM EDT
Law360, New York (October 5, 2012, 12:57 PM EDT) -- If and when high-volume hydraulic fracturing begins in New York, drilling companies, their contractors, property owners who lease their land for fracking and the insurers of all these parties could face liability under the New York Navigation Law. The “Nav Law,” as it is commonly known, sets forth a comprehensive plan for petroleum spill and discharge prevention, control and compensation in New York.
How Fracking Claims Could Be Impacted by the Nav Law
How could the Nav Law impact liability arising from the underground extraction of...
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.