UK Justices Deny Trader Relief From Pirates' $7.7M Ransom

By Joanne Faulkner (January 17, 2024, 12:55 PM GMT) -- The U.K.'s top court said Wednesday that a commodity trading company should cover a chunk of a $7.7 million ransom paid to Somali pirates to release a ship, refusing to widen the scope of the insurance code....

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