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LONDON (Alliance News) - The British government has, for the first time, waded into the legal battle involving BP PLC and payouts related to the Gulf of Mexico oil spill, saying US court rulings against the oil company raise "grave international comity concerns", the Financial Times reported Sunday.
The FT cited a filing made to the US Supreme Court in which the UK government said BP had "gone to great lengths to restore the gulf coast" but was being forced to payout huge fines to individuals and business that were not affected by the spill.
It warned the treatment of BP undermined confidence in fairly resolving disputes in the US and the "trust necessary for international commerce", the FT said.
http://www.ft.com/cms/s/0/ea751c16-3507-11e4-ba5d-00144feabdc0.html?siteedition=uk#axzz3CfIG5wkj
By Sam Unsted; samunsted@alliancenews.com; @SamUAtAlliance
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