U.S. High Court Asked Choice-Of-Law Clause Question In RPA Dispute

Mealey's (August 28, 2018, 12:47 PM EDT) -- WASHINGTON, D.C. — In a breach of contract dispute over a reinsurance participation agreement (RPA), parties in an Aug. 6 petition ask the U.S. Supreme Court whether a choice-of-law clause imports “state substantive law without importing state rules impairing arbitration” or whether the clause incorporates “both state substantive law and state arbitration principles” (Applied Underwriters Inc., et al. v. Citizens of Humanity, et al., No. 18-175, U.S. Sup.)....