Error of law

Damage representing the costs of arbitration

The decision of Langley J in Vrinera Marine Co Ltd v Easter Rich Operations Inc, The Vakis T [2004] EWHC 1752 (Comm) raises a short but important point on the measure of damages available to a party who has, by the conduct of another, undertaken abortive arbitration proceedings against a third party. The issue is whether the lost costs in that arbitraion can be recovered as damages.