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BP wins reprieve over Gulf of Mexico oil spill payouts

Oil giant BP's attempts to limit claims over the 2010 Gulf of Mexico oil spill have been given a boost after a US appeals court ruled in its favour. The court voted for an injunction to suspend any further payments to firms that had not suffered losses as a result of the disaster. BP had argued that the settlement deal it agreed last year was being misinterpreted, allowing firms that had not suffered harm to claim losses…The ruling means that payments to any business that cannot directly trace its losses back to the spill, will now be suspended temporarily…A BP spokesman said the decision supported its views that the court-appointed administrator was misinterpreting the language of the oil-spill settlement.

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