Bloomberg Law
Free Newsletter Sign Up
Login
BROWSE
Bloomberg Law
Welcome
Login
Advanced Search Go
Free Newsletter Sign Up

Chubb Must Arbitrate $165 Million Ghana University Dispute in UK

Aug. 16, 2022, 9:29 PM

A Chubb insurance unit lost its petition to arbitrate a $165 million dispute with the University of Ghana in New York after a federal court said the matter must be decided in London.

ACE American Insurance Co. failed to show that New York has jurisdiction over the University of Ghana’s construction default dispute, the US District Court for the Southern District of New York said Monday. The ruling stemmed from a lawsuit over the collapse of a campus building project.

The parties’ agreement said they shall arbitrate in New York unless there is an extraordinary event preventing them from doing ...