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Landmark WELCAR decision: A matter of Principal
Briefing
1 August 2023
2 MIN READ
2 AUTHORS
The Court has handed down judgment in Technip Saudi Arabia Limited v The Mediterranean and Gulf Cooperative Insurance and Reinsurance Company (Medgulf). This is the first court decision on the construction of the Damage to Existing Property Endorsement within the WELCAR standard form policy which will be of significant interest to the energy insurance market and no doubt will spark debate and discussion.
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