Insurance & Reinsurance Law Update Summer 2010
Recent legal decisions and developments in the insurance industry.
Brokers – a new legal battleground
Recent rulings by the Courts have raised questions about brokers' obligations which are likely to be reconsidered over the coming months. In this article we review the outcome and effect of the decisions in Dunlop Hayward v. Barbon Insurance and Jones v. Environcom.
Shipping e-brief July 2010
The shipping e-brief is a quarterly publication providing information on key legal decisions and developments in shipping and related business areas.
Interpretation of quality clause in naphtha contract, damages for breach and hedging issues
In this case, the Commercial Court found that the quality of the naphtha cargo did not comply with the contractual standard and awarded the buyers their hedging losses.
Yachts and Superyachts - French Customs Inspections
As the owner or manager of a yacht yacht or a superyacht whose home port is in the South of France or which calls regularly in French ports in the Mediterranean, it is likely that your yacht and crew will be subject to customs inspections carried out by the French Coastgaurd. This memo identifies the nature and range of the French Coastguard’s powers, explains briefly the legal principles surrounding customs inspections and summarises how you should conduct yourself during an inspection.
No extension of time for buyers to commence FOSFA arbitration under section 12 Arbitration Act 1996
The decision in this case demonstrates that it is only in rare cases where the court will exercise its discretion under section 12 of the Arbitration Act 1996 to grant an extension of time to commence arbitration, where the arbitral tribunal has already refused to give such an extension.