ALondon high court has upheld the London Club’s insistence that cover for thePrestige is subject to arbitration under the mutual’s rules with potentiallymassive consequences for the pollution damage and clean up claim.
Theruling means that the London Club is entitled under the Civil LiabilityConvention (CLC) to limit liability to SDR 18.9m (€22.8m) ($31m) rather thanthe €4.3bn ($5.5bn) sought by Spain and the €67.5m
