Monday, August 23, 2010
BP Spill Fund vs. 9/11 Fund
An article in Saturday's NY Timescompares the work ahead of Ken Feinberg with the BP Oil Fund, with his prior work on the 9/11 Fund.
- SBS
https://lawprofessors.typepad.com/tortsprof/2010/08/bp-spill-fund-vs-911-fund.html
This article briefly addresses: (a) how GCCF limits BP's liability via the systematic postponement, reduction or denial of claims against BP; (b) how GCCF guarantees BP's continued long-term operation in the offshore Gulf of Mexico E&P sector; and (c) why GCCF is not necessary to ensure that victims of the BP oil spill are fully compensated for incurred damages.
http://donovanlawgroup.wordpress.com/2010/08/23/the-gulf-coast-claims-facility-limits-bps-liability-and-guarantees-the-oil-companys-continued-operation-in-the-gulf-of-mexico/
Posted by: Brian J. Donovan | Sep 2, 2010 3:30:56 AM