English Justice Refuses To Set Aside Award Of Interest In Shipping Dispute

LONDON - After finding that the purchaser of a vessel provided no basis for why it would be entitled to interest in an escrow account that was created pending the outcome of arbitration, an English justice on Feb. 5 refused to set aside a second decision that was made in the case and that awarded accrued interest to the seller of the ship (Cadogan Maritime Inc. v. Turner Shipping Inc., No. $(2013$) EWHC 138 $(Comm$), England and Wales High, Commercial).

  • Tags: