Reed Smith Client Alerts

  • Arbitration
    • Court of Appeal confirms that section 72 Arbitration Act 1996 is not restricted to proceedings concerning the Tribunal's substantive jurisdiction
    • Only the award and the relevant contract may be put before the court in an appeal from an arbitration award on a point of law
    • High Court refuses to remove an arbitrator following allegations of bias
  • Contract
    • Is a guarantor's liability triggered on proof of a breach of contract or by demand alone?
    • How long does a party have to accept a repudiatory breach before that party's inaction is taken to affirm the contract?
  • Costs
    • Can a costs order be set off against a damages award?
  • Disclosure
    • Legal professional privilege does not apply to any professional other than a qualified lawyer
    • The Commercial Court considers the issues relevant to making a disclosure order in the context of an application under S.51 Senior Courts Act 1981, in a situation where the applicant has been the victim of fraud
    • The court does not have jurisdiction to order pre-action disclosure where the parties have entered into an arbitration agreement
  • EU
    • Council Regulation 961/2010, dealing with sanctions against Iran, comes into force
    • Iran (European Community Financial Sanctions) (amendment) Regulations 2010 come into
  • GAFTA
    • How is the phrase "readiness to load"  to be interpreted in GAFTA Form 49?
  • Insurance
    • Commercial Court rejects attempt by an insurer to avoid a policy on the grounds of failure on the part of the insured to disclose material facts
    • Where an insurance policy provides for arbitration within a certain time limit, does the expiry of this time limit terminate the right to bring a claim under the policy?
    • Court of Appeal rules on the law applicable to reinsurance contracts under the Lugano Convention
  • Jurisdiction
    • Acceptance by conduct of a counter offer incorporating an exclusive English law and jurisdiction clause
  • Practice and Procedure
    • Supreme Court recognises new exception to the without prejudice rule
    • It is within the court's discretion to dispense with service of a penal notice where the failure to serve correctly has caused no prejudice
    • When judgment sums in different currencies are to be set off against each other, what is the appropriate date for conversion of these sums into the same currency?
  • Sale of goods
    • When goods conform to specification on loading, but no longer conform on discharge, is the seller in breach of  its implied duty under the Sale of Goods Act 1979?
  • Shipping
    • Tribunal considers owners' entitlement to demurrage or damages arising out of periods of delay
    • Commercial Court considers various points arising from the clause in Shelltime 4 dealing with oil major approvals
    • Tribunal considers the point at which a vessel becomes an "arrived ship" for the purposes of tendering Notice of Readiness
    • When cargo holds are rejected, is the vessel off-hire on a "net loss of  time" or "period off-hire" basis until they are accepted?  Is there an implied obligation on the charterer to ensure re-inspection as soon as possible?
    • Cargo claims:  issues of liability and the cause of the arrest and detention of the vessel

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