In Secretary of State for Transport v Stagecoach South Western Trains Ltd [2009] EWHC 2431, the High Court decided that a dispute over the method of calculation of future payments under a franchise agreement came within the relevant arbitration clause. The wording in the arbitration clause, "... disputes the amount of a franchise payment" was capable of encompassing, as well as payments made, payments due or possibly due in the future. In the same way, an arbitration clause in a reinsurance contract containing similar words will be capable of covering disputes of principle in relation to future claims under the reinsurance agreement.