Lloyd's Maritime Law Newsletter
ADM Rice Inc v Corporacion Comercializadora de Granos Basicos SA and Others – QBD (Comm Ct) (Phillips J) – 21 July 2015
Practice – Committal for contempt of court – Respondent company failing to honour arbitration award – Claimant obtaining freezing order including order to disclose assets – Order served on company and directors – Whether company and directors in contempt of court – Sentence
The
claimant obtained six awards in GAFTA arbitrations against the first respondent
(CORCOSA), a company incorporated in Nicaragua. CORCOSA effectively turned its
back on matters completely and refused to engage or substantively communicate
with the claimant.