Commodities in Focus Weekly: JSC “Kazan Oil Plant” v Aves Trade DMCC [2025] EWHC 2713 (Comm)
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The Court of Appeal has considered the circumstances in which an undisclosed principal can be held liable under a contract, specifically two letters of indemnity (the "LOIs") issued to facilitate the discharge of two cargoes of timber without production of the bills of lading. The judgment provides important clarification on the law governing undisclosed principals.
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Sean Gibbons, Partner
Lois Day, Knowledge Development Lawyer