By Kian Mellett
A dispute arose from the sale of Ukrainian corn after the sellers invoked force majeure when Black Sea Grain Initiative inspections were suspended during the shipment period. The High Court, on appeal under section 69 of the Arbitration Act 1996, considered whether the force majeure event was “unforeseeable,” whether timely notice was a condition precedent to relying on the clause, and how the force majeure and shipment extension provisions interact.
Continue reading ““Unforeseeable” Does Not Mean Unimaginable: The High Court Draws a Line on Force Majeure”