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Excalibur reinsurance corporation placed into liquidation

USA - August 17 2016 Excalibur had been in run-off status since 2003, and under regulatory supervision since at least 2013. A Pennsylvania court has now placed Excalibur…

Second Circuit affirms orders enjoining arbitration, holding broad forum selection clause supersedes FINRA arbitration rule

USA - November 3 2014 The Second Circuit affirmed two cases in which financial services firms had succeeded in enjoining FINRA arbitrations that were initiated against…

Fifth Circuit affirms vacatur of arbitration award where arbitrator failed to follow provisions governing selection of arbitrator and forum

USA - April 20 2015 Organizational Strategies Inc. (OSI) had entered into an agreement with Capstone Associated Services Ltd. for the latter to form three captive…

Insurer must follow the settlements, notwithstanding clause purporting to limit settlement to settling insurers only

United Kingdom, USA - April 29 2014 Interest holders in a vessel insured a 50% interest with certain Lloyd's Syndicates, and a 30% interest with Aigaion Insurance Company. The terms of…

Second Circuit upholds refusal to compel arbitration due to unavailable forum, recognizing split in federal Circuits

USA - October 20 2016 A borrower had previously entered into three payday loan agreements that contained arbitration provisions mandating that all claims be arbitrated in…