This is the third of our five-part series covering the issues facing the construction industry in five different jurisdictions across the world in the face of the COVID-19 pandemic.
In this briefing we consider the benefits of Third Party Funding and how there are increased opportunities for court litigation and arbitration funding in the Middle East and in particular the UAE.
A recent Singapore case provides a useful reminder that when distributing the proceeds from a judicial sale, the order of priorities is not set in stone.
In an eagerly awaited decision the Supreme Court has ruled that a shipowner’s benefit from selling its vessel, following a time charterer’s repudiatory breach, was not to be taken into account when assessing the shipowner’s damages.
The Commercial Court has returned to the subject of shipbuilding contract warranty clauses and issued further guidance as to the proper interpretation of exclusions of consequential losses in that context.
The Supreme Court has upheld a Court of Appeal judgment confirming that there had not been a breach of a safe port warranty.
Five years on from when the London Maritime Arbitrators Association last amended its Terms, it has produced a new set, which will apply to arbitrations commenced on or after 1 May 2017.