An automotive component producer and an insurer have separately challenged the jurisdiction of the High Court in Iveco SpA & Iveco Ltd v Magna Electronics Srl [2015] EWHC 2887 (TCC), 13 November 2015 & XL Insurance Co SE v...more
2/22/2016
/ Automotive Industry ,
Breach of Contract ,
Contribution Claims ,
EU ,
France ,
Insurance Litigation ,
International Litigation ,
Italy ,
Joint Tortfeasors ,
Jurisdiction ,
UK
A bank's attempt to characterise performance bonds as guarantees failed in a further example of the English Court's strict approach to construction of "on-demand" payment obligations. In a decision which provides some...more