Description
Bloomsbury Publishing (UK) Liability Insurance in International Arbitration: The Bermuda Form by Sir Richard Jacobs QC Lorelie S Masters Paul Stanley QC
This is the third revised edition of what has become and was described by the English Court of Appeal in iC v D/i as the “standard work” on Bermuda Form excess insurance policies. The Form first used in the 1980s covers liabilities for catastrophes such as serious explosions or mass tort litigation and is now widely used by insurance companies. It is unusual in that it includes a clause requiring disputes to be arbitrated under English procedural rules in London but subject to New York substantive law. This calls for a rare mix of knowledge and experience on the part of the lawyers involved each of whom is required to confront the many differences between English and US law and legal culture.Offering 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 book will prove invaluable to lawyers risk managers and executives of companies which purchase insurance on the Bermuda Form and to clients lawyers or arbitrators involved in disputes arising therefrom.