UK court says $10bn jet dispute to be heard in London

A $10 billion battle between reinsurers and aircraft leasing companies seeking payouts for more than 200 jets stuck in Russia should be heard in London rather than Moscow, London's High Court ruled today.

The lessors argued the legal case should be heard in London rather than Moscow, to avoid the risk of unfair hearings or inconsistent judgments. Not all reinsurers agreed - around 35 had accepted the jurisdiction of the English courts in the dispute, including heavyweights Swiss Re and Chubb. Hundreds of aircraft have been stuck in Russia since Western nations imposed sanctions on the country, prompting a wave of lawsuits against insurers.

Ireland Latest News, Ireland Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Scotland and Edinburgh prop WP Nel to hang boots up at end of seasonNel, 37, has racked up 61 international caps and 200 appearances for the capital club.
Source: The42_ie - 🏆 5. / 86 Read more »

Real Weddings: Caitríona and James tie the knot in London and MallorcaCreatives Caitríona and James had two glamorous weddings – one in London and one in Mallorca – and they had everything they could've dreamed of.
Source: image_magazine - 🏆 17. / 59 Read more »

Obituary: Rose Dugdale, the London debutante who became an art thief and IRA bomberAn unrepentant idealogue, she said the happiest day of her life was when she took part in an attack on Strabane RUC barracks
Source: IrishTimes - 🏆 3. / 98 Read more »

Over 50,000 attend London St Patrick's Day paradeSt Patrick's Day was celebrated abroad, with more than 50,000 people joining the annual parade in London.
Source: rtenews - 🏆 1. / 99 Read more »

Cathal Friel-chaired green transition firm announces London IPO planFriel orchestrated the IPO of Open Orphan in 2019 through the reverse takeover of Dublin-listed Venn Life Sciences
Source: IrishTimesBiz - 🏆 6. / 77 Read more »

Simon Harris bares barbs about rugby and referendum losses in LondonOur London correspondent takes in the Guinness-fuelled St Patrick’s Day celebrations in the Irish Embassy and beyond
Source: businessposthq - 🏆 8. / 71 Read more »