Co-counsels Poul Schmith and Nielsen Nørager secure that Noreco’s 383.5m USD marine insurance claim is denied access to the Supreme Court. The Appeals Permission Board has declined to grant permission to appeal, and the Earstern High Court ruling absolving the insurers stands final.
The Norwegian energy company Noreco notified a USD 383.5m marine insurance claim against a group of 24 international insurers regarding damage to the Siri platform in the Danish sector of the North Sea found to exist in August 2009. In December 2016, the Maritime and Commercial Court ruled against the insurers, awarding Nocero 470m USD. In May 2018, the Earstern High Court ruled agains Noreco, absolving the insurers on all mayor aspects. Noreco applied for permission to appeal to the Supreme Court but the Appeals Permission Board declined the application and the High Court decision stands final.
The insurers team in Denmark led by partner Henrik Nedergaard Thomsen and partner Michael S. Wiisbye worked with international Clyde & Co led by partner Nigel Chapman and closely involved clients included QBE, AIG, Lancashire, AXA XL, Zurich and Gard.
Read more about the Eastern High Court judgment here.