Category: Risk mitigation

BP BK: Part 2, capping the economic damages

7 July, 2010 (14:13) | Bankruptcy, BP, Capital markets, Contracts, Ecosystem, Environmental, Liability, Litigation, Risk, Risk mitigation, US News |

By: David A. Smith   [Continued from yesterday’s Part 1.]   As we saw in yesterday’s post on risk mitigation, using as our illustrative case the BP mess, using an under-noticed Grist.org article with bankruptcy expert Peter S. Kaufman, BP is facing a toxic American gusher – a spewing mountain of claims that is all […]

BP BK: Part 1, a gushing economic spill

6 July, 2010 (11:35) | Bankruptcy, BP, Capital markets, Contracts, Ecosystem, Environmental, Liability, Litigation, Risk, Risk mitigation, US News |

By: David A. Smith   When the mule becomes stubborn, what do you do?   Flog it?  Cajole it?  Bribe it?   Fix it!   Shoot it?   That was fun – now what?   As highlighted in a Grist.org article I stumbled over, this is quite the conundrum.   As the capital provider – […]