UK COURT OF APPEALS AFFIRMS DECISION REGARDING NORTH KOREAN REINSURANCE CLAIMS
In a September 6, 2007 post to this blog, we reported on the decision of the UK Commercial Court striking a defense of settlement to reinsurance claims arising out of claims by North Korean insurers. The UK Court of appeals has affirmed that ruling. Korea National Ins. Corp. v. Allianz Global Corporate & Specialty AG [2007] EWCA Civ. 1066 (Court of Appeals Oct. 30, 2007).
