Steven Gee QC – Cyprus Mail – Breach of arbitration clause and equitable compensation; a recent UK precedent

This was an appeal to the Commercial Court on questions of law, arising in a London arbitration on cargo claims on bills of lading brought by the consignee and its insurers against the shipowners. The case concerned the counterclaim by the shipowners for costs incurred in Spain by the ship’s managers in successfully defending claims brought against them by cargo insurers in the Spanish court, for which they were not the responsible carrier. The counterclaim was brought by the shipowners for their managers’ own loss.

Please click here to read full article by Steven Gee QC, Christiana Pyrkotou and Aimilia Efstathiou.