London High Court Rules Against Nord Stream AG in Pipeline Explosion Case
L'essentiel
- The High Court of London ruled against Nord Stream AG, denying its claim for compensation from insurers for damages from the Nord Stream pipeline explosions.
- The court found the damage was war-related and excluded from cover.
Résumé généré par IA
Pourquoi c'est important
Nord Stream AG, operator of the Nord Stream gas pipeline, sued its insurers for approximately €580 million after they refused to cover damages from the pipeline explosions, citing war exclusion clauses.
MOSCOW, July 6. /TASS/. The High Court of London has ruled against Nord Stream AG, the operator of the Nord Stream gas pipeline, denying its claim for compensation after insurers refused to cover damages from the pipeline explosions.
"For all the reasons set out above I find on the evidence before this Court that a. the Damage to the Pipelines (both the Ruptures and the Dent) was ‘directly or indirectly occasioned by, happening through, or in consequence of war;’ and b. such Damage was excluded from cover by the terms of Exclusion 2.i of the Policies," the court verdict says.
The lawsuit was filed in February 2024, naming Lloyd's of London and Arch Insurance as defendants. Nord Stream AG sought to recover approximately €580 million from the insurers.
Questions ouvertes
- Who was responsible for the pipeline explosions?
- What are Nord Stream AG's next legal steps?
