Case Summaries
SARPD Oil International Ltd. v. Addax Energy SA & Anor [2016]
“In an international purchase contract dispute, a claimant that was not obliged to publish accounts and had not revealed any information about its financial position was required to provide security for costs.”
Vinergy International (PVT) Limited v. Richmond Mercantile Limited FZC [2016]
“An innoncent party may lawfully terminate a contract where at least one of a number of breaches was repudiatory, even though others were not, or were capable of being remedied on notice.”
SBT Star Bulk & Tankers (Germany) GmbH & Co K G v. Cosmotrade SA [2016]
“Under the terms of a charter party calling for “one trip time charter,” the charterer was allowed to order the vessel to load a further cargo after the initial cargo had been discharged.”
The Superior Pescadores [2016]
“Under English law the Hague Rules “as enacted” means the Hague Rules “as amended” being the Hague-Visby Rules.”
The Magellan Spirit [2016]
“Commercial Court rejects Owners’ arguments of (i) agency, (ii) incorporation and (iii) express agreement and also considers their delay in applying is sufficient to reject Owners’ anti-suit injunction against Nigerian cargo claim in Nigeria.”
Gold Reserve Inc. v. The Bolivarian Republic of Venezuela [2016]
"The existence of an arbitration agreement meant that Venezuela could not rely on state immunity, even when the Claimant was in breach of its obligation of full and frank disclosure.”