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Admiralty/Maritime Law-Test for Maritime Contracts

The U.S. Fifth Circuit Court of Appeals has now expanded the application of its newly developed test for determining when a contract is maritime in nature. The decision is significant: if a contract is deemed maritime in nature, state law including so-called anti-indemnity statutes, will not apply to the contract which then may allow for the enforcement of certain indemnity and insurance obligations otherwise barred by state law.  [Read Full Article]