Nord Stream ruling broadens reach of war exclusions
Alexandra Lyons, partner at law firm Stewarts, outlines how Nord Stream lost a €580m lawsuit in which it called for its insurers to pay out over explosions that damaged pipelines and examines the ramifications for the industry.
The Commercial Court’s decision in Nord Stream AG v Lloyd’s and Arch provides fresh judicial guidance on the operation of war exclusions and the fundamental issue of causation.
While the judgment
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