In this article, the Singapore Dispute Resolution team discusses recent case law developments in banks’ obligation to make payment under letters of credit, where such obligation is tainted by false and/or fraudulent representations made by the beneficiary.
A quartet of interpretation cases this week: Commercial Disputes Weekly covers decisions by the Court of Appeal on rent cesser clauses during the pandemic and the requirements for rent repayment orders, and the Commercial Court looks at a commodities sale and purchase agreement and decisions of an arbitral tribunal and judge.
Commodities disputes have kept the courts busy this week and allowed the first reported decision on the implied term that insurers will pay claims within a reasonable period. Commercial Disputes Weekly also looks at a Supreme Court decision on the Housing Act 1985 and a case of enforcement of personal guarantees.
In Commercial Dispute Weekly Issue 107, the cases address some contractual basics; offer and acceptance, jurisdiction clauses and quantification of damages for breach. We also look at a decision highlighting the often difficult issue of when litigation privilege begins.
The cases in this week’s Commercial Disputes Weekly look at the Court’s approach to all types of behaviour including serious error, dishonesty and fraud.
Pyx has been listed on the National Stock Exchange of Australia, which will remain its primary listing, since February 2020.
Sumeet has nearly 20 years’ experience as a lawyer, with particular expertise in advising industrial and agricultural commodity traders on trade disputes, structured trade finance, trade credit insurance and shipping/charterparty matters.
The EU Taxonomy for Sustainable Investments – Agriculture and Forestry (Soft Commodities)19 April 2021
In the fifth article of our sector series on the EU Taxonomy Regulation for Sustainable Investments, we set out the key concepts it introduced and explain what they means for market participants in the forestry and agriculture sectors.
In this article we consider a recent decision in the English High Court which held that substantial damages are recoverable based on the infringement of a bailor’s right to possession of property.