Texas Court Enforces Foreign 'Loser Pays' Judgment

Law360, Dallas (January 11, 2013, 4:32 PM EST) -- A Texas appellate court on Thursday said companies sometimes have the right to enforce “loser pays” cost awards from foreign countries in Texas courts, dealing a blow to New Hampshire Insurance Co., which argued the court costs were a foreign tax not collectible under state law.

The court said NHIC must pay Magellan Reinsurance Co. Ltd. about $140,000 in costs in compliance with an order from a Turks and Caicos Islands appellate court. NHIC hit Magellan with a winding-up petition in the Caribbean court, but an...
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