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No excuses! Court protects Buyers’ right to rely on refund guarantees

United Kingdom - June 30 2015 A Dutch ship operating company, SBV, brought claims against a Chinese bank, BOC, for payment under two refund guarantees governed by English law. BOC…

Ajay Ahluwalia.

Anti-suit injunction granted in respect of warehouse certificate disputes subject to exclusive jurisdiction of English courts

United Kingdom - June 16 2015 In June 2014, what subsequently became referred to as the "Qingdao Metals Fraud" came to light and was widely reported in the press. The alleged…

Reema Shour.

Repo transactions – implications for traders and financing banks when the goods cannot be delivered

United Kingdom - June 16 2015 The Commercial Court has recently issued judgment in the first round of litigation between commodities trader Mercuria and Citigroup, following the…

Carl Walker.

Delayed delivery: the right to cancel shipbuilding contracts

United Kingdom - February 17 2015 A recent decision in the Commercial Court offers helpful guidance to both shipyards and buyers facing and considering possible cancellations of…

Ajay Ahluwalia.

Commercial Court rules on buyers’ rights to extensions of time under GAFTA 49

United Kingdom - November 6 2014 This recent decision from the Commercial Court provides useful guidance on the construction of Clause 8 of the popular GAFTA 49 form; in particular…

Ajay Ahluwalia.