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Lloyd’s underwriters seek to halt £45m legal cover for Petrofac bribery defendants
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Lloyd’s underwriters seek to halt £45m legal cover for Petrofac bribery defendants
A group of Lloyd’s syndicates have sought to block £45m in defence funding for two former Petrofac executives facing a criminal bribery trial. The group of syndicates provided directors’ and officers’ (D&O) insurance coverage to Petrofac’s former chief operating officer, Marwan Chedid, and former chief operations officer George Salibi. Chedid and Salibi rely on Petrofac’s [...]
15 Oct, 15:46
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