*/
Shipbuilding contract – Arbitration clause. The Commercial Court granted the first claimant company, a buyer of a vessel under a shipbuilding contract, a final anti-suit injunction restraining a bank from continuing to pursue in China a claim against it alleging fraud where the parties had chosen London arbitration as a neutral forum and where the first claimant had obtained an arbitration award in London in which the allegations of fraud had been considered and dismissed. The court ruled that it would be vexatious and oppressive for the first claimant to have to face the same charge in two different tribunals. The court did not grant an anti-suit injunction restraining the bank's pursuit of proceedings against the second claimant bank (Alpha), which had loaned the first claimant money towards the purchase of the vessel, but was not a party to the shipbuilding contract. Alpha was, however, granted a declaration of non-liability.
Shipbuilding contract – Arbitration clause. The Commercial Court granted the first claimant company, a buyer of a vessel under a shipbuilding contract, a final anti-suit injunction restraining a bank from continuing to pursue in China a claim against it alleging fraud where the parties had chosen London arbitration as a neutral forum and where the first claimant had obtained an arbitration award in London in which the allegations of fraud had been considered and dismissed. The court ruled that it would be vexatious and oppressive for the first claimant to have to face the same charge in two different tribunals. The court did not grant an anti-suit injunction restraining the bank's pursuit of proceedings against the second claimant bank (Alpha), which had loaned the first claimant money towards the purchase of the vessel, but was not a party to the shipbuilding contract. Alpha was, however, granted a declaration of non-liability.
By Derek Sweeting QC
What should barristers be doing on the personal finance front ahead of the end of the tax year on 5 April? Julian Morgan of Fleet Street Wealth answers your questions
Are you ready to embark on this arduous but potentially rewarding journey? Julie Gottlieb of Sherwood PSF Consulting provides a self-examination checklist, hints and tips to help you prepare for a future application
Unlocking your aged debt to augment cash flow in one easy step… By Philip N Bristow of Vector Professions Finance
Aejaz Mussa and Bethany Wong explain how ONELAW CHAMBERS' expert solicitors and barristers are shaping the legal industry during these unprecedented times and are prepared for the post-COVID era
By Alexander Sverdlov
What should barristers be doing on the personal finance front ahead of the end of the tax year on 5 April? Julian Morgan of Fleet Street Wealth answers your questions
The problem with ambition is when we tie it to the wrong destination... something with which lawyers commonly struggle, says Helen Conway
Are high achievers their own worst enemies when it comes to self-doubt? Nikki Alderson offers ten strategies to help you overcome imposter syndrome and achieve your goals
Are you ready to embark on this arduous but potentially rewarding journey? Julie Gottlieb of Sherwood PSF Consulting provides a self-examination checklist, hints and tips to help you prepare for a future application
Tim Collins explains how to make the cut and not be blunted