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HTMLDistrict Court Victory for Validus Re in Cascading FET Case Leaves Many Questions Unanswered
David W. Alberts, Richard Craven, Lawrence R. Hamilton; Mayer Brown LLP;
Legal Alert/Article
February 11, 2014, previously published on February 7, 2014
Judge Amy Jackson clearly sided with Validus Re in her February 5 opinion in Validus Re’s closely followed lawsuit in US federal district court in Washington, DC. Validus won a refund of the federal excise tax (FET) it had paid on nine reinsurance policies it purchased in retrocession...