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Third parties and arbitration awards: the need for privity

Arbitration Law Monthly

Third parties and arbitration awards: the need for privity

The marathon judgment of Walker J in Teekay Tankers Ltd v STX Offshore & Shipbuilding Co Ltd [2017] EWHC 253 (Comm); [2017] 1 Lloyd's Rep 387 is for the most part concerned with the binding effect of contracts for the construction and sale of vessels where no delivery date was specified. However, there is important analysis of two issues that arise regularly in litigation: what is the effect of an arbitration award upon the rights of third parties; and when may an arbitration award be disclosed without infringing duties of confidentiality?

TT : the facts

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