Compensation, Mitigation and the GAFTA Default Clause
In this article, Archit Dhir and Alex McCue discuss the recent UK Supreme Court decision in Sharp Corp Ltd v Viterra BV on the measure of damages under the GAFTA default clause.
In the global industries of aviation, infrastructure, maritime and rail, we have a stellar reputation for our depth of industry experience combined with innovation and exceptional technical expertise. We provide the highest quality advice across all aspects of these complex, high profile and cross-border transport projects from finance, corporate and M&A, tax, employment and regulatory to insolvency and dispute resolution.
Our industry-leading aviation practice sees us regularly advising on award-winning and high-profile matters. Across the aviation sector, we advise financiers, export credit agencies, lessors, investors, manufacturers and airlines from across Europe, Asia, the Middle East and the USA, helping them achieve their strategic and commercial goals.
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Our infrastructure practice is a natural extension of our work on financing and investing in large capital assets. We act for utilities, financiers, investors, including dedicated infrastructure funds, pension and sovereign wealth funds and private equity on domestic and cross-border matters.
Our knowledge of rail financing combined with a deep understanding of how rail intersects with other transport, construction and infrastructure industries attracts clients from every point of the supply chain.
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In this article, Archit Dhir and Alex McCue discuss the recent UK Supreme Court decision in Sharp Corp Ltd v Viterra BV on the measure of damages under the GAFTA default clause.
A trio of cases from the Supreme Court in this edition of Commercial Disputes Weekly, together with a decision on the adequacy of the government’s net zero plans and one on the interpretation of an exclusion in standard offshore construction insurance.
Eight lawyers have been promoted to Counsel.