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A failure to pay hire has been accorded the status of a breach of condition, entitling an owner to terminate the charter and claim damages for loss of future earnings.
The Commercial Court has ruled that damages for non-acceptance of goods represent the seller’s ‘loss of bargain’ with the buyer, rather than any loss of profit.
The UK Supreme Court has recently ruled in the case of Cramaso LLP (Appellant) v Ogilvie-Grant, Earl of Seafield and Others (Respondents) (Scotland).
Bribery Act update download
Serious Fraud Office director David Green QC has proposed a number of changes to the UK Bribery Act.
Bareboat tax download
On 5 December 2013, chancellor of the exchequer George Osborne stated that the government would ‘end the abuse of… offshore oil and gas contracting’.
English Commercial Court enforces obligation to resolve disputes by friendly discussion prior to arbitration download
Multi-tiered dispute resolution clauses whereby parties are required to mediate prior to arbitration or litigation have been common currency for some time.
High-frequency trading download
High-frequency trading is the trade of securities (such as stocks) in a matter of microseconds.
This award is the latest of a number of court decisions and LMAA arbitration awards dealing with issues that frequently arise in time charterparty underperformance disputes.
The Provisions on the Administration of Foreign Exchange for Cross-Border Security replace 12 existing regulations providing for cross-border security.
Ince & Co discusses five pitfalls where a lack of awareness and appropriate precaution can lead to significant damage to the company.
This article provides an update on how the Jackson Reforms have affected the litigation of commercial disputes in the English courts in the past 15 months.
Aviation: safety in the balance? download
The UK Court of Appeal has upheld an earlier High Court decision allowing reports produced by the Air Accidents Investigation Branch to be submitted in evidence.
For the first time in 15 years, the London Court of International Arbitration (LCIA) is overhauling its rules for arbitration.
The continuing effect of a negligent pre-contractual misrepresentation — Cramaso v Ogilvie-Grant, Earl of Seafield and Others download
A party can be liable for a pre-contractual misrepresentation, even though the representation was first made to a party other than the ultimate contracting party.
Ince & Co provides an overview of the contractual issues that may arise should matters escalate in Ukraine.
The recent case of Astipalaia v Hanjin Shenzhen  EWHC 120 (Admlty) has revisited the existing case law on assessment of damages following a collision.
In 2013, ILS products became more popular and, importantly, products which traditional P&C reinsurers started to actively engage with and underwrite.
Court construes in-transit loss clause in voyage charterparty — Trafigura Beheer BV v Navigazione Montanari Spa (Valle di Cordoba) download
The Commercial Court has recently considered the meaning of the expression ‘in-transit loss’ in a voyage charterparty.
Shipping E-Brief — winter 2014 download
The Shipping E-Brief is a quarterly publication providing information on key legal decisions and developments in shipping and related business areas.
In this update, Ince & Co sets out the latest developments regarding the EU sanctions against Iran.