British Justice vetoes Spain’s receipt of Prestige insurance compensation

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A British court ruled this Friday: Spain cannot carry out the sentence This forced the casualty insurer to tanker “PrestigeIt will pay up to 855 million euros in compensation for the environmental disaster caused by the sinking in 2002.

HE Judge Christopher Butcher The commercial court of the Supreme Court upheld the appeal of the insurer London Steam-Ship Owners’ Mutual Insurance Association Limited against the enforcement of the decision of the Provincial Court of La Coruña, which convicted the insurer. Responsible for paying compensation to the State for the toxic spill off the coast of Galicia In November 2002.

In his ruling, the judge found this ruling to be “irreconcilable” with the UK arbitration award which exempted the company from paying Spain.

In his opinion, accepting the decision of the Galician court would be contrary to the principle of “res judicata” that governs England.

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