London Arbitration 10/18

Practice – Costs – Arbitration – Respondent accepting claimant’s offer of settlement made prior to publication of arbitration award and expressed to be equivalent to CPR Part 36 Offer – Whether claimant entitled to costs on indemnity basis and enhanced interest

Following the publication of the tribunal’s award in London Arbitration 9/18 ((2018) 999 LMLN 1) the charterers accepted an offer that had been made by the owners some two months prior to the award.