Maritime Casualty
Fifth Circuit: LOIA Applies to Agreement to Salvage Platform
- April 6, 2016
- By Allen & Gooch
LOIA Voids Certain Oilfield Indemnity Provisions Louisiana’s Oilfield Indemnity Act (“LOIA”) may invalidate certain indemnity agreements in oilfield contracts. See La. R.S. 9:2780. There is a two-part test to determine if LOIA applies: (1) the agreement must pertain to an oil, gas, or water well, and (2) the contract must involve operations related to the […]
