In this recorded webinar, Chris Ives of Fenchurch Law and Jeremiah Welch of Saxe Doernberger & Vita, P.C. discussed the recent UK Court of Appeal decision in Sky UK Ltd and Mace Ltd vs Riverstone Managing Agency & Others and its commercial consequences within the UK, as well as the potential influence the case may have on the US legal landscape. The Court’s decision covers a number of issues relevant to contractors including:
- The recoverability of development/deterioration damage after the period of insurance
- Investigation/mitigation costs
- What constitutes “damage”
- Potential impact on claims and co-insurance.