Liability Insurance in International Arbitration: The Bermuda Form

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9781841134673: Liability Insurance in International Arbitration: The Bermuda Form

The Bermuda Form catastrophe insurance policy covers liabilities for exposure to catastrophes such as serious explosions or mass tort litigation. It includes a clause requiring disputes to be arbitrated under English procedural rules in London but, very unusually, subject to New York substantive law. This calls for an unusual mix of knowledge and experience on the part of the lawyers involved, each of whom will also be required to confront the many differences between English and US legal culture. A related feature of the Form is that the awards of arbitrators are confidential and not subject to the scrutiny of the courts. Therefore, while many lawyers have been involved in litigating on the Bermuda Form their knowledge remains locked away. Thus, despite its considerable importance, the Bermuda Form is not well understood, a situation not helped by the lack of publications dealing with it. Accordingly, those required to deal with the Form professionally are confronted with a lengthy and complex document, but with very little to aid their understanding of it. This unique and comprehensive work offers a detailed commentary on how the Form is to be construed, its coverage, the substantive law to be applied, the limits of liability, exceptions, and, of course, the procedures to be followed during arbitration proceedings in London.˜˜˜˜

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About the Author:

Richard Jacobs QC is a Barrister at Essex Court Chambers, specialising in commercial law, including insurance and arbitration law. Lorelie S. Masters is a Partner at Jenner & Block, LLP, in Washington, D.C. Paul Stanley is a Barrister at Essex Court Chambers specialising in commercial law.

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It's exciting to find something entirely new and innovativeThe authors have pioneered into an untrod regionThe book has a playful, spirited quality one does not often see in an insurance treatiseits distinguished authors have managed not only to keep the tone fresh and bright but also to pack in a lot of helpful information. Helen Anne Boyer The Insurance Coverage Law Bulletin March 2005

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Jacobs, Richard; Masters, Lorelie S.; Stanley, Paul
Published by Hart Publishing, Oxford (2004)
ISBN 10: 1841134678 ISBN 13: 9781841134673
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Book Description Hart Publishing, Oxford, 2004. TAPA DURA. Book Condition: New. Bookseller Inventory # 100721505

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Richard Jacobs, Lorelie S. Masters, Paul Stanley
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ISBN 10: 1841134678 ISBN 13: 9781841134673
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Book Description Bloomsbury Publishing PLC, United Kingdom, 2004. Hardback. Book Condition: New. Language: English . This book usually ship within 10-15 business days and we will endeavor to dispatch orders quicker than this where possible. Brand New Book. The Bermuda Form excess insurance policy covers liabilities for catastrophes such as serious explosions or mass tort litigation. It is an occurrence reported policy developed in the 1980 s by two Bermudian insurance companies,Ace and XL, and it is now widely used by other insurance companies as well. It includes a clause requiring disputes to be arbitrated under English procedural rules in London but, very unusually, subject to New York substantive law. This calls for an unusual mix of knowledge and experience on the part of the lawyers involved, each of whom will also be required to confront the many differences between English and US legal culture. A related feature of the Form is that the awards of arbitrators are confidential and not subject to the scrutiny of the courts. Therefore, while many lawyers have been involved in litigating on the Bermuda Form their knowledge remains locked away. Thus, despite its considerable importance, the Bermuda Form is not well understood, a situation not helped by the lack of publications dealing with it. Accordingly, those required to deal with the Form professionally are confronted with a lengthy and complex document, but with very little to aid their understanding of it. This unique and comprehensive work offers a detailed commentary on how the Form is to be construed, its coverage, the substantive law to be applied, the limits of liability, exceptions, and, of course, the procedures to be followed during arbitration proceedings in London. This is a book which will prove invaluable to lawyers, risk managers, and executives of companies which purchase insurance on the Bermuda Form, and clients, lawyers or arbitrators involved in disputes arising therefrom. Bookseller Inventory # LIE9781841134673

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Richard Jacobs, Lorelie S Masters, Paul Stanley
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Richard Jacobs; Lorelie S Masters; Paul Stanley
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Book Description Hart Publishing, 2004. Book Condition: New. This item is printed on demand for shipment within 3 working days. Bookseller Inventory # LP9781841134673

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