Introduction Carlyle Aviation Partners LLC is standing firm against a pause in their lawsuit seeking coverage for $700 million worth of aircraft taken by Russian airlines after the Ukraine war. This request for a stay, posed by the insurers, is amidst their own lawsuits against reinsurers, which Carlyle argues is unrelated to their claims.
Aviation Co. Fights Delay Of Russian Planes Coverage Suit: Dispute Over Policy Interpretation and Lawsuit Stay
Carlyle’s legal team has countered the insurers’ motion to stay their lawsuit pending the resolution of the insurers’ own legal battles with reinsurers. They emphasize that the reinsurance cases are independent of Carlyle’s insurance claims and should not influence the court’s decision regarding their coverage suit.
The insurers argue for a stay by claiming that the resolution of their reinsurance disputes might affect Carlyle’s lawsuit outcome, a stance Carlyle vehemently disputes. According to Carlyle, their policy coverage does not hinge on other contracts, particularly those held by the aircraft operators. The insurers’ motion is criticized for misinterpreting the policy’s provisions, specifically the conditions under which Carlyle’s losses would be covered.
Aviation Co. Fights Delay Of Russian Planes Coverage Suit: The Implications of a Stay on Carlyle’s Claims
Granting a stay, as per Carlyle’s response, would significantly prejudice their position, potentially delaying the lawsuit by years. This delay could lead to disparate rulings in different jurisdictions, complicating and elongating the legal process.
