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State Immunity - Latest Developments - 17th June 2014

 

Propeller Club Logo for Website"English Commercial Court decision erodes State Immunity Defence"

 

The Propeller Club is delighted to announce an event concerning a case set to have a significant impact for international traders confronted by state immunity defences. The English Commercial Court has held that Iraq's national oil trading company, SOMO, has a separate corporate status from the Iraqi State and is therefore not entitled to rely on state immunity to avoid payment of a final arbitration award of US$9 million. Those funds are held in Court.

 

This unusual case involves the successful arrest of a debt payable under an LC, secured by way of a third party debt order, rather than a freezing order.

 

The talk will be accompanied by a drinks reception and dinner.

 

Sarah Hunt - HFW, Geneva

Sarah acts for a range of trading companies, charterers and owners in shipping and international trade law disputes, involving petroleum products, cement, coal, ethanol and soft commodities. She has particular experience in sale contracts, charterparties, bills of lading, and off-spec cargo claims involving arbitration or Commercial Court litigation. She lectures regularly in-house on shipping and international trade law topics. 

 

 

Where: Hotel Bristol

Rue du Mont-Blanc 10, 1201 Geneva

 

When: 17th June 2014 from 18:30

 

Price: 

Members: CHF 70.-

Non-Members: CHF 100.-

 

For registration, please click on this link to add your name to the Doodle.  

Please be aware that spaces are limited. 

 

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