The lawsuit alleges that after Pelfrey died on July 15 the estate assumed liability for
discriminatory housing practices.
BP is not entitled to coverage under the Transocean insurance policies for damages arising from subsurface pollution because BP, not Transocean, assumed liability for
those claims, the court held.
In this sense, the ruling party has assumed liability for
the corruption charges.
The payments totalled PS9m in one season alone and newco Rangers assumed liability for
the liquidated company's football debts when the club's membership of the SFA was transferred in 2012.
The FRG also argues that even if it assumed liability for
the West German bonds, the commercial activity exception would not apply to the (West German) bonds because Mortimer failed to satisfy settlement conditions by not complying with the validation procedures.
Horizon has also assumed liability for
trust preferred securities of American Trust's parent AmTru Inc, in the amount of USD3.5m.