‘Ships in the night? Loss of bargain damages and repudiatory breach’

Questions about damages always seem to be far more difficult to answer than they ought to be. Here the court, overturning an arbitration tribunal on a point of law, found that a contractual right to terminate an agreement to sell a vessel did not give rise to loss of bargain damages (ie the difference between the market price of the vessel and the contract price, as at the date of termination of the contract) … (more)

[Oliver Stentiford, A&O Shearman, 7 October 2024]

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