Out-Law on 22nd October published an article commenting on the recent decision in Mamancochet Mining Ltd v Aegis Managing Agency & others. It summarises the decision that an insurer could not rely on a sanctions-related exclusion clause to resist paying out on a marine insurance policy in the context of the impending reinstatement of US secondary sanctions against Iran, the High Court has ruled. A lawyer at the law firm behind Out-Law comments that judgment in the case was expedited so that it could be handed down before the reinstatement of the second wave of US secondary sanctions on 4th November.
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