Arbitration Ordered In Power Plant Dispute Under Third-Party Beneficiary Doctrine

Mealey's (March 20, 2023, 1:32 PM EDT) -- ATLANTA — Applying the third-party beneficiary doctrine, a Georgia federal judge on March 17 ordered arbitration of a dispute in which reinsurers and retrocessionaires as subrogees of the owner of an Algerian power plant seek no less than $28 million in damages against General Electric International Inc. (GE International) and related entities in relation to an October 2019 incident....