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The Grain and Feed Trade Association (Gafta) has amended its arbitration rules No. 125. The changes are minor and mainly related to the conduct of oral hearings by the Tribunal or the Board of Appeal. The general position under rule 1.3 is that the oral hearings (if any) shall take place in London (specific location […]

The Seller, Fortior’s client, was selling Ukrainian wheat on DAP terms to the Buyer. The contract incorporated the Gafta 78 proforma, was governed by English law and provided for arbitration under Gafta 125 Rules. Clause 2 of Gafta 78 provides: “Each consignment in whole or part fulfilment of this contract to be considered a separate […]

This article addresses the recent decision of the High Court of Justice in Blockchain Optimization S.A.and Petrochemical Logistics Ltd v LFE Market Ltd, LFE Group Holdings Limited, James (Aka Jim) Aylward, Benjamin Leigh Hunt, White Tiger Global Opportunities Fund and White Tiger Asset Management Ltd [2020] EWHC 2027 (Comm). The decision deals with (i) the […]

This article addresses the decision of the High Court in Trans-Oil International SA v Savoy Trading LP, Ivan Melnykov [2020] EWHC 57 (Comm). The case describes restrictive guidelines for obtaining interim injunctive relief against third parties to the arbitration agreements. In this case an application was considered ex parte. Background and facts Savoy Trading LP […]

There are cases where a final court judgement does not actually mean that the debtor will reimburse the sums due to the creditor. In practice, recovering funds may become quite a challenging task, since the debtor may resort to evasive behavior, be unwilling to participate in litigation, either simply disappear or attempt in some way […]

Most arbitral institutions ask to be paid in advance. Often, they ask for substantial amounts…

This note addresses the recent decision of the High Court in the Integral Petroleum SA v Petrogat FZE and San Trade GMBH and (1) Mr Klaus Sonnenberg, (2) Ms Mahdieh Sanchouli, (3) Mr Hosseinali Sanchouli and (4) Mr Kanybek Beisenov [2020] EWHC 558 (Comm).

On 12 September 2019, Mr Justice Phillips, sitting in the High Court in London, issued a judgment in terms of the LCIA Arbitration award

The GAFTA Council has approved changes to a number of GAFTA contracts. The changes in question concern methods of analysis and brokerage.

IMO 2020 is fast approaching and has the potential to increase legal and administrative burdens on bunker suppliers considerably.