- 16 December 2016
Bech-Bruun has won the highest judgment amount in Danish history
It was a historic victory when Bech-Bruun on behalf of the Noreco Group won the highest judgment amount in Danish history and the highest litigation costs ever awarded, amounting to USD 344,332,446 plus five years’ interest and DKK 18,592,510 in litigation costs.
The case related to insurance cover for damage to the Siri platform, which was discovered in August 2009 and which resulted in lost production from the field in the years 2009-2010.
As a consequence of the damage and the failing insurance cover, Noreco was forced to sell the platform to DONG Energy. A transaction on which Bech-Bruun rendered legal assistance in the summer of 2011.
In the course of this transaction, Bech-Bruun ensured that the insurance cover for the damage remained with Noreco and, in February 2014, legal proceedings were instituted before the Maritime and Commercial High Court.
The Court found for Noreco on basically all its claims, including expenses incidental to operating loss and expenses incidental to repair of the platform.