The case of the $750 million comma

In the annals of contract drafting blunders, one that stands out prominently is the dispute over whether BP Plc was covered by certain insurance policies for the 2010 Deepwater Horizon oil rig disaster. The story illuminates what can go wrong with unstructured contract processes. After oil had spewed uncontrollably into the Gulf of Mexico for … Continue reading The case of the $750 million comma