John Black

Jorden Burt LLP

Articles

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IAIS policy paper: reinsurance does not create or amplify systemic risk

Global - August 1 2012 The International Association of Insurance Supervisors recently released a policy paper entitled Reinsurance and Financial Stability which addresses specific issues related to the insurance industry along with evaluating the marketplace as a whole.

District court confirms reinsurance arbitration award against two Brazilian companies

Brazil, USA - July 30 2012 Several developments have occurred in the ongoing reinsurance dispute between Aurum Asset Managers and several Brazilian companies.

Second Circuit finds no direct action right against reinsurer

USA - July 18 2012 The Second Circuit handed down a summary order affirming the dismissal of Callon Petroleum’s complaint in a reinsurance dispute against National Indemnity.

Fourth Circuit: state statute does not reverse preempt federal law

USA - July 16 2012 The Fourth Circuit issued an opinion “preserving the United States’ ability to speak with one voice” in regulating foreign arbitrations.

Eleventh Circuit affirms district court’s decision that arbitral panel was “foreign” for purposes of discovery statute

USA - July 5 2012 On an appeal arising out of a foreign shipping contract billing dispute between Consorcio Ecuatoriano de Telecomunicaciones S.A. and Jet Air Service Equador S.A., the Eleventh Circuit held that the arbitral tribunal before which the dispute is pending is a foreign tribunal for purposes of 28 U.S.C. 1782’s discovery rules.