High Court clarifies legality of ransom payments
by
Richard Meade, London
—
last modified
Feb 26, 2010 04:09 PM
AN ENGLISH High Court ruling has provided the shipping industry with an unambiguous confirmation that ransom payments to pirates are not illegal or contrary to public policy.
Coming amid rumours that the US Government is planning legislation to outlaw ransom payments and an increasingly tough stance from the UK government, advising against making payments, the clear judgment has reassured industry experts of their ability to continue negotiations...
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