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JIANGSU SHAGANG GROUP CO LTD v LOKI OWNING CO LTD (THE “POUNDA”)

Lloyd's Law Reports

JIANGSU SHAGANG GROUP CO LTD v LOKI OWNING CO LTD (THE “POUNDA”)

[2018] 2 Lloyd's Rep. 359

QUEEN'S BENCH DIVISION((COMMERCIAL COURT))

Before Mrs Justice Carr

Arbitration – Jurisdiction – Guarantee – Agency – Charterparty containing guarantee by charterers’ parent company but not signed by guarantor – Owners bringing arbitration proceedings against guarantor – Guarantor challenging jurisdiction on basis that it had not authorised charterers to give guarantee – Whether charterers had express authority to give guarantee – Whether tribunal had substantive jurisdiction over guarantor.

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