Over the years we have supported many claims, helping Members to fight expensive disputes in numerous jurisdictions round the world. As the following recent cases highlight, litigation can be an increasingly expensive proposition. In addition to their own legal costs, if unsuccessful, Members may incur a significant cost liability to their opponents.
- Charterparty repudiation dispute
The UKDC covered litigation costs totalling $900,000. The case was heard in London arbitration and has ultimately appealed to the Court of Appeal, costs included $300,000 paid to solicitors; $25,000 to experts; $215,000 to counsel and $175,000 to the tribunal.
- Unpaid freight claim
In this case, which was subject to London arbitration, costs totalled $475,000. $75,000 was also paid to US lawyers to obtain security for the Member's claim. $200,000 was paid to London solicitors, $65,000 to counsel and $135,000 to the tribunal.
- Shipbuilding dispute in London
The lengthy hearing cost a total of $845,000. This included $382,500 paid to solicitors; $62,500 to experts; $190,000 to counsel and $310,000 to the tribunal.
- Oil majors dispute in New York arbitration
In this case, costs exceeded $630,000 of which $490,000 was paid to lawyers, with $40,000 paid to experts and $105,000 to the tribunal.
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