Praetura Asset Finance Ltd v Hood [2019] EWHC 2231 (Comm) (31 July 2019)
Thursday, 09 April 2020
THE DEFAULT JUDGMENT The High Court of Justice (Business and Property Courts in Manchester) (the “Court”) heard a case in which Praetura Asset Finance Limited (the “Claimant”) sought to recover approximately £1,500,000.00 (One Million Five Hundred Thousand Pounds) from Derek Thomas Hood (the “Defendant”) in terms of an unregulated hire purchase agreement which involved a
- Published in 2019, Contract Law, English Law:
Boskalis Offshore Marine Contracting BV v Atlantic Marine and Aviation LLP (The “Atlantic Tonjer”) [2019] EWHC 1213 (Comm) (14 May 2019)
Friday, 13 March 2020
- Published in Contract Law, 2017, Arbitration, English Law, interpretation
TMF Trustee Ltd & Ors v Fire Navigation Inc & Ors [2019] EWHC 2918 (Comm)(01 November 2019)
Friday, 14 February 2020
BACKGROUND Burlington Loan Management DAC and Bank of America N.A, the third and fourth claimants in the matter (collectively the “Lenders”), entered into a loan agreement (the “Loan Agreement”) with Fire Navigation Inc and Hurricane Navigation Inc, the first and second defendants in the matter (“collectively the Borrowers”). In terms of the Loan Agreement, the
- Published in 2020, Contract Law
Zedra Trust Company (Jersey) Ltd and another v The Hut Group Ltd [2019] EWHC 2191(Comm)(29 August 2019)
Thursday, 21 November 2019
SUMMARY AND BACKGROUND In or during May 2011, the claimants in the matter, namely Zedra Trust Company (Jersey) Limited and Oliver Nobahar-Cookson (collectively the “Claimants”) concluded a written sale and purchase agreement with The Hut Group Limited (the “Defendant”) wherein the Claimants agreed to sell their shares in Cent Ltd (the “Company”) to the Defendant
- Published in 2019, Contract Law, English Law
Eleni Shipping Limited v Transgrain Shipping BV (The Eleni P)[2019]EWHC 910 (Comm)(10 April 2019)
Wednesday, 16 October 2019
SUMMARY AND ARBITRATION AWARD This matter was an appeal from an arbitration award, over the correct interpretation of two clauses, namely clauses 49 and 101, in a charter party contract (a deed between a shipowner and a trader for the hire of a ship and the delivery of cargo)(the “Contract”). The arbitration tribunal who had
- Published in 2019, Contract Law, English Law
Lehman Brothers Special Financing Inc. v National Power Corporation and another [2018] EWHC 487 (Comm)(12 March 2018)
Tuesday, 30 April 2019
SUMMARY The claimant in this matter was Lehman Brothers Special Financing Inc. (the “Claimant”) and the defendant was National Power Corporation (the “First Defendant”). The First Defendant’s claim was subsequently transferred to the First Defendant’s successor, Power Sector Assets And Liabilities Management Corp (the “Second Defendant”). The First and Second Defendant were wholly owned and
- Published in English Contract Law, 2019, News
