LMA publishes new sanction clauses after French court ruling

Ben NorrisOctober 6, 2023
Flag of Russia and Ukraine painted on a concrete wall with soldiers shadows. Relationship between Ukraine and Russia
Credit: Shutterstock/Tomas Ragina

The Lloyd’s Market Association (LMA) has published two suspension clauses to clarify where insurers cannot pay out because they would be in breach of sanctions.

The new LMA3100A and LMA3200 sanction clauses build on the wi...

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Ben NorrisOctober 6, 2023
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