Free Webinar: Navigating the Limitation of Liability Act
5/2/2024
By Gallagher Sharp LLP
Overview
In honor of National Maritime Week, our Admiralty/Maritime practice group presents this FREE, 45 minute in-depth look at the Limitation of Liability Act, its implications for vessel owners, claims adjusters, and insurance professionals, and offer practical insights and strategies to help you effectively handle limitation cases and protect your clients’ interests. A question and answer session will take place after the initial presentation.
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What we’ll cover:
Understanding the Basics of the Limitation of Liability Act
- History and purpose of the Act
- Key provisions and their significance
Eligibility for Limitation: Who and What Types of Vessels May Seek Limitation?
- Vessel owners and demise charterers
- Seagoing vessels and recreational vehicles
- Exceptions and exclusions
The Limitation Procedure: A Step-by-Step Guide
- Filing a limitation action
- Providing notice to claimants
- Staying proceedings in other courts
- Posting security for the limitation fund
Knowledge or Privity: The Factors That Can Block Limitation
- Defining “knowledge” and “privity”
- Examples of conduct that may establish knowledge or privity
- Burden of proof and evidentiary considerations
Claims and the Administration of the Limitation Fund
- Types of claims subject to limitation
- Prioritizing and distributing the limitation fund
- Resolving multiple claims and insufficient funds
Practical Considerations and Strategies
- Timing and venue of limitation actions
- Preserving evidence and documenting incidents
- Coordinating with insurers and other stakeholders
- Navigating the interplay between limitation and other legal remedies
This presentation is free to attend. Webinar link will be sent to your registered email.
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