Commodities in Focus Weekly: Issue 62

Premier Oil UK Limited v Shell International Trading and Shell Company Limited (for and on behalf of Shell Trading International Limited)

In Premier Oil UK Limited v Shell International Trading and Shell Company Limited, concerning a dispute as to the ambit and instructions to be provided to a referee relating to a dispute on changes to the contractual pricing structure, the High Court of England and Wales (the "Court") summarised the existing law and provided new guidance as to when it is appropriate for a court to express a view as to the ambit of the powers of a contractually appointed expert before those powers have been exercised.

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