United Kingdom: Marine/ Shipping

The UK Law Commission's 2023 review of the Arbitration Act 1996 recommends limited reforms, including simplified rules on arbitration agreement law, empowering arbitrators for summary awards, and restricting jurisdiction challenges, aiming to enhance arbitration efficiency and clarity...

In Ayhan Sezer v Agroinvest [2024], the High Court clarified the date of default in the context of anticipatory repudiatory breaches under the GAFTA Default Clause. The court held that the default date should be the date of the first anticipatory repudiatory breach, aligning with previous case law and providing consistency in the interpretation of such breaches.

In Sharp Corp Ltd v Viterra BV [2024], the UK Supreme Court affirmed the principles of mitigation and compensation in damages law, highlighting their equal importance. It ruled that the appropriate market for assessing damages is where it is reasonable for the seller to resell the goods. The Court also clarified the limits of the Court of Appeal's powers under s. 69 of the Arbitration Act 1996, emphasizing that errors of fact cannot be revisited and that the Court can only review legal questions