Subrogees Must Arbitrate $28M Algerian Turbine Claim, 11th Circuit Says

Mealey's ( March 18, 2025, 2:14 PM EDT) -- ATLANTA — An 11th Circuit U.S. Court of Appeals panel on March 18 affirmed an order compelling arbitration of a dispute over approximately $28 million in damages to an Algerian power plant caused by a turbine failure, finding that insurers, reinsurers and retrocessionaires are subrogees of the plant-owner and therefore bound by an arbitration agreement in a services contract with entities that manufactured the turbine....