The UK’s much-discussed new failure to prevent fraud offence is likely to come into force (after government guidance is issued) by the end of 2024 or early 2025. The new offence will not just apply to UK companies: there are...
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Richard Gunn, the leading partner in Reed Smith’s Casualty and Admiralty team, sheds light on the intricacies of salvage operations amidst the recent Court of Appeal decision in Smit Salvage BV & Ors v Luster Maritime SA & Anr (The...
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The Hague-Visby Rules represent a critical juncture in maritime law, providing a standardized set of guidelines that balance the obligations and liabilities of carriers and shippers in the international carriage of goods by sea. Prior to their adoption in 1931, the absence...
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The updated version of SHIPMAN, BIMCO’s widely used ship management agreement, was adopted by the Documentary Committee at its meeting on 22 March in Hamburg after a two-year review process involving shipowners, managers, P&I Clubs, insurance and legal experts. The...
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Arbitration agreement Arbitrability Are there any types of disputes that are not arbitrable? Regarding international arbitration, the Civil Procedure Code (CPC) states that any dispute of an economic nature can be submitted to arbitration if it concerns rights in relation...
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Proceedings subsequent to issuance of award Interpretation and correction of awards Does the arbitral tribunal have the power to correct or interpret an award on its own or at the parties’ initiative? What time limits apply? Under Civil Procedure Law...
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The UK Supreme Court’s key decision on 20 September 2023 in Republic of Mozambique v. Privinvest clarified the Arbitration Act’s application to Mozambique’s claims in the English High Court. The ruling underscores the significance of precise arbitration clause drafting in...
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Following the European Union’s 12th package of sanctions, among the measures adopted by the European Council was the introduction of a new requirement under Article 12g of EU Regulation 833/2014. It means that EU exporters and suppliers are obliged to...
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The landscape of investment treaty claims against Russia may be reaching an inflection point. The first wave of arbitrations – brought by Ukrainian investors in relation to assets that were destroyed or expropriated in Crimea following Russia’s annexation of the...
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I have been receiving quite a few interesting questions from my readers about our industry and I thought why not post my responses to some of the important questions as “Question of the Week” starting this Week = Week 12/2024.. The...
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