US Service of Suit clause v English Arbitration clause - Who wins?
29-Aug-2008 | Litigation & Dispute Resolution
Ace Capital Ltd v CMS Energy Corporation [2008]
The US Service of Suit clause is a common feature of insurance contracts between London and Bermuda market insurers and their US assureds. The clause is a regulatory requirement of many US States, its purpose being to render out-of-State (surplus lines) insurers amenable to the local jurisdiction in the same way as locally licensed insurers.
For more information about this case, please read the full article
Lawyers James Crabtree, Anthony Menzies
