Shipping case digest - July 2017
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Welcome to this month’s edition of our shipping case digest, providing you with concise and useful summaries of recent legal decisions in the shipping market.
The “NEW FLAMENCO”: the Supreme Court’s ruling on damages and mitigation
The Supreme Court has unanimously allowed owners’ appeal in the “NEW FLAMENCO”. This appeal considered whether the ship owners’ damages following acceptance of a charterers’ repudiatory breach of charter should be reduced as a result of the avoidance of a fall in the capital value of the ship… read more
Vitol -v- Beta: acceptance of a counterparty’s repudiatory breach is considered by the High Court
In this decision of the High Court, heard under the shorter trials scheme, Mrs Justice Carr was asked to consider a contractual dispute concerning the sale and delivery of a biofuel product…read more
Micula & Others -v- Romania: the English courts’ power to order security for costs in the context of enforcement of arbitration awards is once again discussed
In this case, Mr Justice Blair was asked to consider the claimants’ alternative application for security and application for permission to appeal in the decision handed down on 20 January 2017…read more