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Oldstone Cargo Ltd v HMAG for Gibraltar

The Supreme Court of Gibraltar has applied the Court of Appeal decision in The Atlantik Confidence [2014] EWCA Civ 217, confirming that a letter of undertaking (LOU) from QBE Europe SA/NV trading as British Marine was "acceptable" and "adequate" security for the purposes of Article 11(2) of the International Convention on Limitation of Liability for Maritime Claims 1976 (as amended) (the Convention).

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