Source:
http://article.wn.com/view/2011/05/22/Oil_Spill_Settlement_Boosts_BP/
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Monday, May 23, 2011
Oil Spill Settlement Boosts BP
By Angus Robertson After the failure of the Rosneft deal things are looking up for BP as Mitsui & Co’s MOEX unit agreed to pay $1.1 billion toward the clean-up of the Macondo oil spill. Reuters reports that the settlement is likely the first of a series of settlements between BP and its partners before the February 2012 trial date set for hundreds of spill-related lawsuits, said David A. Logan, dean of Roger Williams University School of Law in Bristol, Rhode Island. “It’s a signal that the parties are very unlikely to let this play out...
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