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Bank's US$77m insurance claim declared fraudulent

Bank's US$77m insurance claim declared fraudulent
Published on: 07 October 2019
Published by: Law360
  • Bank's US$77m insurance claim declared fraudulent
  • What did the court decide?

Article summary

Law360, London: Hiscox and other insurers do not have to pay a Greek bank US$77m for an explosion aboard an oil tanker because the ship's owner orchestrated a fake pirate attack to keep his floundering businesses afloat, a London judge ruled on 7 October 2019. or take a trial to read the full analysis.

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