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Extreme Caution regarding Letters of Undertaking: A Binding Agreement to Agree

Extreme Caution regarding Letters of Undertaking: A Binding Agreement to Agree

by Editor | Mar 7, 2019 | Case Summaries, Insurance

Helen Noble, Noble Shipping Law, Ireland Following a recent decision of the High Court in Ireland, insurers should exercise extreme caution when offering a Letter of Undertaking (LOU) in principle as security to prevent a vessel from being arrested. In the cases of...
Court Rejects Request to Delay Release of Cargo without Original BLs

Court Rejects Request to Delay Release of Cargo without Original BLs

by Editor | Feb 28, 2019 | Case Summaries, Transport Documents

Adv. Gill Nadel,  Adv. Dave Zeitoun, Adv. Shirly Strezhevsky, Goldfarb Seligman, Israel Background: In the following article we will review the ruling of the Haifa Magistrate Court regarding F.A.Y. Com Ltd.’s request to delay the release of marine cargo which...
‘Secret Commissions’ and fiduciary duties of agents

‘Secret Commissions’ and fiduciary duties of agents

by Editor | Feb 25, 2019 | Case Summaries, Principal + Agent

Paul Bugden, Bugden + Co., London Ref: Medsted Associates Ltd v Canaccord Genuity Wealth (International) Ltd [2019] EWCA Civ 83. In modern trade practice freight forwarders, as is well known, often assume by the express or implied terms of their contract with their...
Interlegal successfully defends interests of Thyssenkrupp

Interlegal successfully defends interests of Thyssenkrupp

by Editor | Feb 19, 2019 | Case Summaries, Forwarderlaw News

Interlegal defended interests of thyssenkrupp Materials Trading GmbH – creditor under the court proceedings against the Ukrainian company – debtor. Кiev Court of Appeal left in force the ICAC at the UCCI Award on debt recovery for goods supply. Interlegal lawyers...
The Right of Action of the Freight Forwarder under Belgian law

The Right of Action of the Freight Forwarder under Belgian law

by Editor | Jan 29, 2019 | Case Summaries, Commercial Issues, Principal + Agent

Adry Poelmans, Van Doosselaere Avocaten, Belgium In Belgian jurisprudence, controversy has arisen recently as to the question whether a forwarding agent is “presumed” and also “entitled” to initiate, continue and maintain legal proceedings, or halt them if he has not...
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