Navigators Insurance Company Limited and others v Atlasnavios-Navegacao LDA

Leave to Appeal to the Supreme Court granted in relation to Navigators Insurance Company Limited and others (Respondents) v Atlasnavios-Navegacao LDA (formerly Bnavios-Navegacao LDA) (Appellant) UKSC 2016/0192 by Lord Mance, Lord Clarke and Lord Toulson on the 23rd February 2017. Please view Court of appeal judgment here.

February 24, 2017

Pemberton Greenish LLP and Jane Margaret Henry

[2017] EWHC 246 (QB) Harry Wright acted for the successful Defendant, a solicitor sued by her former law firm for alleged breaches of duty arising in the context of a mortgage transaction in which the borrowers turned out to be fraudsters. The Claimant suffered loss in settling with the mortgage lender, and having been indemnified […]

February 16, 2017

Teekay Tankers v STX O&S

[2017] EWHC 253 (Comm) Stephen Hofmyer QC and Gavin Geary were instructed on behalf of Korean shipbuilders, STX O&S, successfully resisting a claim for about $180 million in this Commercial Court trial.  In April 2013 STX&OS entered into an Option Agreement with Teekay Tankers, providing for the construction and delivery of, in Teekays’ option, up […]

February 15, 2017

Petrosaudi Oil Services (Venezuela) Ltd v Novo Banco S.A. & Others

[2017] EWCA Civ 9 This is a case in which the Court of Appeal has reaffirmed the autonomy of a letter of credit, and its independence from the underlying transaction to which it stood as security. The claimants Petrosaudi entered into a drilling contract with PDVSA for the performance of drilling services in Venezuela. The […]

January 26, 2017

WR Berkley Insurance (Europe) Limited & Another v Teal Assurance Company Limited

[2017] EWCA Civ 25 On 25 January 2017, the Court of Appeal upheld Eder J’s ruling that a payment of money into escrow was not an insured loss under a programme of liability insurance. The payment was not an ascertainment of liability for the purpose of the rule in Post Office v. Norwich Union and […]

January 25, 2017

James Goudkamp’s recent publications

James Goudkamp has recently published the book Defences in Contract (2017). This is the third part of a four-volume series of books concerned with defences in private law. A link to the publisher’s website, which contains a blurb of the book and a picture of it is available here.   James has published the book […]

January 18, 2017

Sir Stephen Tomlinson returns to 7KBW as a full time arbitrator

Lord Justice Tomlinson will retire from the Court of Appeal to return to his old chambers at 7 King’s Bench Walk to practise as a full time arbitrator on 11th January 2017. Sir Stephen originally joined 7KBW in 1975, took silk in 1988, and was appointed to the High Court in 2000.  He sat principally […]

January 9, 2017

Excalibur Ventures v Texas Keystone & Ors.

[2016] EWCA Civ 1144 The Court of Appeal has dismissed the costs appeal by the litigation funders in Excalibur Ventures v Texas Keystone & Ors. The Claimant, Excalibur, was a shell company with no assets that pursued the Respondents for a share in a oil exploration block in Kurdistan, which Excalibur valued at US$1.6 billion. […]

November 18, 2016

Pan Oceanic Chartering v Unipec

The claimant brokers, POC, advanced claims for damages, originally in excess of US$100 million, for lost brokerage commissions arising from the early termination by Unipec Asia of a long term contract of affreightment with Tankers International LLC (“TI”).  POC, who acted as  TI’s brokers claimed that both Unipec UK and Unipec Asia, subsidiaries of Unipec, […]

November 10, 2016