This was an appeal by trader Glencore against the $100m damages, interest and costs for deceit awarded by Flaux J to the Romanian oil company, Petrom. Flaux held that Glencore was liable for selling counterfeit cargoes of crude oil, inferior and cheaper crudes having been blended to resemble recognised grades of «Iranian Heavy» and «Gulf…
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Arizon Abogados SLP recibe un reconocimiento de Chambers & Partners, los encuestadores independientes bien establecidos de abogados y bufetes de abogados, en su clasificación de 2017. Las clasificaciones consecutivas desde 2009 muestran la diligencia constante de la empresa para defender los intereses de sus clientes. Con un elogio especial para Felipe Arizon y su equipo,…
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Charterers and owners ought to be aware of the court’s view on the meaning of clause 8 of the Inter-Club Agreement (ICA) 1996, which will affect their liabilities under the contract. The Commercial Court has recently issued a decision on an appeal on behalf of the charterer against an Arbitration Award where they were found…
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The Supreme Court has reached its decision, with important considerations regarding the definition of a sale contract and the transfer of property. The final decision has been issued on the appeal by the owners of the vessel against the decision of the arbitrators finding that there was no contract of sale within the statutory definition…
DetallesIn the heart of Jerez city at the first floor of the 1836 family house at 11 Porvera Street (formerly Marqués de Casa Arizon), Arizon Abogados SLP has established its new head offices. With this move, the firm will concentrate on agricultural business, commodity legal advice and international arbitration. Felipe Arizon will be heading these…
DetallesAs author of the Lloyd’s Shipping Law Library Felipe Arizon was invited by Routledge, the world’s leading academic publisher, to attend the launch of the Time and Voyage Charters in London. The event was fantastic and took place on board the HQS Wellington, in London. It provided a unique opportunity to meet the UK and…
DetallesNew Spanish Shipping Act The Spanish Parliament has recently approved a new Shipping Act –Ley 14/2014, de 24 de Julio, de Navegación Marítima–, which will enter into force on the 25th of September 2014. Its 524 sections, divided into 10 titles, cover nearly all aspects of shipping law, either private or public. So far, Spanish maritime…
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AEOLUS team, which included Mr. Christiaan Pierot (Jacq Pierot Jr. & Sons Inc. Ship Brokers), Mr. Sam Pinnington (Polaris), Mr. Lars Anderson (Wärtsilä) and Mr. Felipe Arizon (Arizon Abogados S.L.P.), won the third place of this fantastic and prestigious event of the shipping industry. Above on the podium, left picture, on the right side Mr.…
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This was an appeal from a first instance decision of Mr Justice Blair. Seagrain LLC (The Sellers) agreed to sell to Glencore Grain (The Buyers) a quantity of feed wheat of Ukrainian and Russian origin on C&F free out terms by a contract made on 6 July 2010, which incorporated the terms of GAFTA 48.…
DetallesThis was an appeal against a Commercial Court decision, that reversed an arbitration award holding that an innocent owner claiming compensation for an anticipatory breach of a Charter Party must give credit to the charterer in respect of his gains in capital value, by selling the vessel for a substantially superior amount at the moment…
DetallesThe present case concerns the validity of a nomination of a substitute vessel made by FOB buyers (Agrifert SA) pursuant to its right under clause 6 (“Period of Delivery”) in GAFTA 49, where the contract of sale provided for an advanced notice of the vessel’s nomination of 10 days and the substitution is communicated after…
DetallesThe new Spanish Shipping Act that will enter into force next 25 of September 2014 has introduced interesting changes into the law of arrest of ships in Spain. The introductory chapter of the Act states that the new Shipping Act regarding the arrest of ships is aimed to ensure that these are effected without the…
DetallesSaipol (claimant) and Inerco (defendant), FOSFA. Saipol claimed Inerco for the contamination of mineral oil found in a cargo of 16.6000 mts of ukranian sunflower seed oil, one of the lots of the so called food crisis of April 2008. The facts of the case were the following: Inerco loaded 3.000 tons for Saipol, from…
DetallesRecent developments on domestic carriage by road in Italy The 2014 Stability Law no. 190 introduced several changes to the road haulage sector in Italy, aiming to reduce fragmentation in the sector and dissuade the indiscriminate use of sub-carriers. Under the new law, a carrier can contract a sub-carrier only upon prior agreement with the…
DetallesThe English Supreme Court has just given a judgment, 1 July 2015, on this very interesting case. The dispute dates back to August 2010 and in less than 5 years it has gone through five instances; two GAFTA arbitration tribunals and up to the Supreme Court in England. Very complex issues have been dealt with…
DetallesA 2010 commodity dispute has taken a further step for its long lasting resolution. Arizon represents the defendant before the Spanish Courts, which is also the claimant in London arbitration proceedings. Legal actions were commenced before the High Courts of A Coruña after negotiations between the parties had failed to settle the alleged claim. The…
DetallesMoney turns on the construction of notices in GAFTA commodity contracts. Volatility in the commodity markets has invited sellers and buyers to explore different ways out when a sale position becomes unprofitable or indeed a source for substantial losses. In 2014 two cases were decided by the Commercial Courts in London where the disputes related…
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A contract of sale of 15,000 metric tonnes of steel was agreed between Habas and VSC and contained an arbitration clause for arbitration in London. Negotiations took place between two agents on behalf of the Seller and the Buyer. It was envisaged that one of the agents would sign the contract on the Seller’s behalf.…
DetallesThis was an appeal from an arbitration award pursuant to section 69 of the Arbitration Act 1996. The case concerned a Memorandum of Agreement (the “MOA”) dated 1 May 2010, concluded upon the Norwegian Saleform 1993 (“NSF 1993”). According to clause 2 of the MOA, a deposit of 10% was payable within three banking days…
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By a contract dated 4 October 2010 Soufflet agreed to sell 38,000 mt of French feed barley to Fedcominvest on FOB terms. The terms of GAFTA 64 were incorporated. Clause 8 provided that the contractual delivery period should be extended by not more than 21 days “provided that Buyers serve notice claiming extension not later…
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