Description: To help readers navigate the legal landscape surrounding BP’s mammoth oil spill (or “oil spew,” as some argue it should more properly be called) in the Gulf Coast, I have looked into some of the law-related questions and statements that keep surfacing as the press and bloggers keep up with the crisis. I rely mainly here on an interview with Christopher B. Kende, an international insurance law specialist at the firm of Cozen O’Connor. Kende also teaches attorneys about the legal issues stemming from the Deepwater Horizon oil spill as a lecturer for HB Litigation Conferences.
Questions for discussion:
- What is your view of the risk management situation in this industry today?
- Do you think BP miscalculated their risk exposure?
- How could they have dealt with the risk differently?
- How should investors view the risk potential for the industry and BP in particular?