Stay of proceedings: effect of settlement agreement

In Destin Trading Inc v Saipem SA [2025] EWHC 668 (Ch) Andrew Lenon KC, sitting as a High Court Judge, was faced with the common scenario in which an agreement containing a dispute resolution clause is, after a dispute, terminated and replaced by a settlement agreement containing a different dispute resolution clause. The court held, applying established principles, that the latter clause prevails.

Destin: the background facts