Euro-Asian Oil SA (formerly Euro-Asian Oil AG) v Credit Suisse AG and another

Contract – Breach of contract. The judge had not erred in finding the parties' contract was a contract for the sale and delivery of goods on CIF terms or that damages were to be assessed by reference to the respondent's sub-sale. However, the Court of Appeal, Civil Division, could not accept the argument, which the judge had favoured, that the appellant's rights of recovery were to be reduced and found that it was entitled to recover 100% against the second respondent.

Category: