Legal Page - Collateral Management Agreements: Limits of Liability
Source: Asia Insurance Review | May 2007
In this articles, Mr Nigel Wagland, a partner, and Mr Patric McGonigal, an associate in the Marine, Energy and Transport team at Barlow Lyde & Gilbert, look at the landmark case of Tradigrain, SIAT & others v Intertek Testing Services (“Intertek”), which judges described as being a resounding success of Intertek in defeating on, all counts, allegations of gross negligence in the way various Collateral Management Agreements (CMAs) were conducted in India.
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