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09.05.2022
Anti-dumping Investigation on Float Glass Initiated by the Ministry of Finance of Taiwan
On May 6, 2022, the Customs Administration, Ministry of Finance of the Republic of China, published/issued an official notice to initiate an anti-dumping investigation on imports of float glass from Malaysia, Indonesia or Thailand. The subject goods of the investigation are float glass, in sheets, including both clear float glass and tinted float glass that can be used directly or further worked into processed glass.
25.04.2022
What should a FOB seller do when goods were unloaded without payment? (Part 2)
Here is the second part of the detective story "What should a FOB seller do when goods were unloaded without payment?", where we explain that a breach of contract may potentially serve the interests of a claimant in certain situations.
20.04.2022
Fortior’s International Trade practice achieves Tier 3 in The Legal 500
Fortior’s Kyiv office has been recognized by The Legal 500 in the International Trade practice (Tier 3).
25.03.2022
Fortior Law represents successful respondents against a Summary Judgment Application filed by Bank GPB International S.A (a Subsidiary of Gazprombank Moscow)
Fortior Law represents the successful respondents in the High Court in London against Bank GPB International S.A., a subsidiary of Moscow’s Gazprombank, in the Bank’s application for summary judgment. Judgment was handed down by Mrs Justice Moulder on 24 March 2022 in the case Integral Petroleum S.A. & Ors v Dun & Ors [2022] EWHC 659 (Comm).
18.03.2022
The parties may imply during negotiations that a contract will be concluded only upon its signing
We analysed the decision in Jamp Pharma Corporation v Unichem Laboratories Limited [2021] EWHC 1712 (Comm), according to which the parties may impliedly agree during negotiations that the contract will be concluded only when it is signed by both parties. In other words, the negotiations may imply that the agreement is "subject to contract", meaning the contact comes into effect only when its terms are set out in a formal document signed by both parties.
11.03.2022
Does the war in Ukraine constitute force majeure according to Gafta and FOSFA?
On 24 February 2022, Russia attacked Ukraine. In this article, we analyse whether the war constitutes a force majeure event as per Gafta and FOSFA contracts.
09.03.2022
March 2022 amendments to Gafta Arbitration Rules
Gafta has recently amended its arbitration rules (Gafta 125 and 126), which are applicable to contracts entered into on or after 1 March 2022.
01.03.2022
Fortior's Statement on Russia's War against Ukraine
Fortior law fully supports Ukraine and condemns this unprovoked Russian war, which is taking place against civilians, soldiers defending their homes and their loved ones, and military targets all over Ukraine.
09.02.2022
Letter of credit: what to do if a bank pays against forged documents?
A letter of credit is one of the safest payment methods under a contract. It is a type of bank guarantee under which the seller receives payment upon presentation of all documents agreed by the parties. However, even a letter of credit cannot guarantee 100 per cent risk-free payment. For example, there is not much the bank can do in cases of fraud, where the seller provides forged documents in order to receive payment. In this article, we explain how to act in cases of fraud based on our recent experience.
11.01.2022
2022 changes to GAFTA Rules and Standard Contracts
GAFTA has updated its GAFTA Weighing Rules No. 123, Arbitration Rules 125 and standard contract pro formas. All changes came into force on 1 January 2022. In this update we explain what the changes are about.
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