Alleged Failure of Liquid Nitrogen Storage Vessel

Overview:

The solicitors acting for the United States based insurers of a cryogenic storage equipment manufacturer appointed ARC to act for them in Australia. A stud cattle breeder alleged that a storage vessel manufactured by the insured and used to store frozen bull semen had failed. The semen stored in the vessel consequently died. The claimant was asserting that as a result he had incurred a loss of $16 million.

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