Environment may be at risk after ‘naive’ casualty ruling
The Supreme Court decision on Renos is based on ‘naive reasoning’ and will have the unintended consequence of incentivising salvors to switch to commercial terms as soon as possible, according to an analysis by Clyde & Co
‘Salvors may come under increasing pressure not to invoke Special Compensation P&I Clause payments, or to move on to commercial terms sooner if a constructive total loss becomes a relevant consideration,’ Martin Hall and David Handley argue
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