London Arbitration 15/18

Arbitration
Written By Louise Glover

London Arbitration 15/18

“The Tribunal found that Sellers had exceeded the contractually specified period of delay, such that Buyers were entitled to terminate a shipbuilding contract and recover the instalments advanced; The Tribunal rejected Sellers' contentions for an im…

“The Tribunal found that Sellers had exceeded the contractually specified period of delay, such that Buyers were entitled to terminate a shipbuilding contract and recover the instalments advanced; The Tribunal rejected Sellers' contentions for an implied term as to mutual co-operation and non-impeding, or the application of the 'Prevention Principle' on the grounds that the sophisticated express terms left no room for such provisions.”

Louise Glover
E. G. Arghyrakis & Co.
27th June 2018

Louise Glover
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