Commodities in Focus Weekly - Issue 93
London Steam-Ship Owners' Mutual Insurance Association Ltd v Trico Maritime (Pvt) Ltd & Ors [2024] EWHC 884 (Comm)
In this case, the Court granted an anti-suit injunction in favour of the claimant, a P&I Club (the "Club"), against cargo interests pursuing damages for lost cargo in Sri Lanka following the sinking of a container ship, the X-Press Pearl (the "Vessel"). The Court held that the cargo interests were bound by the London arbitration clause in the contract of indemnity insurance (the "Insurance Contract") and that there was no good reason not to grant an anti-suit injunction.
Click here to read more.
