The cases in this edition of Commercial Disputes Weekly provide detailed interpretations of sanctions and landlord and tenant legislation, as well as the importance of the factual matrix in contract interpretation.
On October 18, 2023, the US Office of Foreign Assets Control (OFAC) issued General License 44 broadly permitting US and non-US persons to deal with Venezuelan crude and gas. Under the license, US and non-US persons generally can transport Venezuelan crude and gas until April 18, 2024.
This article summarises the recent judgment in Kuvera Resources Pte Ltd v JPMorgan Chase Bank, N.A., where the Singapore Court of Appeal confirmed that an objective approach is to be adopted when interpreting sanctions clauses in letters of credit.
In this article we discuss the recent case of Kuvera Resources Pte Ltd v JP Morgan Chase Bank NA [2022] SGHC 213, where the High Court of Singapore considered the validity of a sanctions clause for the first time.
On 5 December 2022, the long-awaited Russian oil price cap measures and related sanctions came into effect. This article highlights some of the challenges and risks that may be posed to the maritime industry in attempting to comply.
In a recent article for the German international maritime journal, HANSA, Partners Dr Christian Finnern and Dr F. Maximilian Boemke share their thoughts on the effects sanctions against Russia are having on the shipping industry.
Join Watson Farley & Williams for our session ‘Examining Russian sanctions in the transport sector and the impact on international arbitration’ on 16 November 2022, as part of Dubai Arbitration Week 2022.
The TAR upheld CVA Energie’s and C.U.RA’s appeals.
In this article we discuss the UK Court of Appeal’s recent decision on the construction of the Admiralty Solicitors Group standard collision jurisdiction wording (“ASG2”).
This week Commercial Disputes Weekly looks at a decision as to whether a contract of carriage can spring up in a receipt bill of lading after novation of the charterparty.