Preiskel & Co’s Dispute Resolution team has successfully represented a client at the final hearing in a London Metal Exchange arbitration, after defeating a jurisdiction challenge (with costs) in April 2020. The dispute related to the sale of zinc ingots from a Belgium company to a Saudi Arabian counter-party, and raised complex issues as to conditions precedent, letters of credit, and hedging losses.
The parties attended a two-day merits hearing in March 2021, and also submitted extensive written arguments. In its final award issued in May 2021, the Tribunal preferred Preiskel & Co’s submissions, rejected the respondent’s expert evidence, and awarded a substantial sum to the claimant as damages for breach of contract.
The Preiskel & Co team was led by Robert Dougans and Galyna Carey. The Preiskel & Co team instructed Joe-han Ho of 39 Essex Chambers in this matter.
Please contact Robert Dougans or Galyna Carey if you have any questions about this, or the team’s arbitration experience in general.