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10 / 02 / 2012

Updates from Spain on marine insurance: adding sue and labour expenses to a total loss claim beyond the amount insured only if agreed upon in the contract

In a recent decision of the Commercial Court of Madrid, the court held that the sue and labour expenses incurred while attempting to save a vessel were not recoverable in addition to a total loss claim where the policy explicitly included a limit on…
07 / 17 / 2012

Updates Tax 6-2012

FINANCE COSTS: RULING BY THE DIRECTORATE-GENERAL OF TAXES OF JULY 16, 2012