Latest LCIA Arbitration 'win' for IY LEGAL

IY LEGAL has won another LCIA Arbitration for a commodity trading client.  The case concerned the sale of RB3 coal to be shipped from South Africa to India in 2020, on SCoTA Version 8 terms.  The dispute between the parties involved issues of contract formation, the validity of the arbitration agreement, force majeure/frustration and non-performance by the Buyer, allegedly due to the effects of COVID 19.  The Arbitration proceeded to a full oral hearing (held virtually) before a Tribunal of 3 Arbitrators.  IY LEGAL’s client succeeded on all issues and was awarded 100% of its claim.   

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