Ince & Co

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Russian wheat ban — court construes GAFTA 49 prohibition and default clauses

In Bunge SA v Nidera BV [2013] EWHC 84 (Comm), the parties entered into a contract for the sale of Russian wheat shortly before the Russian government announced a ban on what exports for a period of four and a half months extending over the whole of the contractual shipment period.

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