9 March 2022. Quadra Commodities S.A. v. XL Insurance & Co: the English High Court ordered insurers to indemnify a commodity trader for the misappropriation of commodities following “fraud” and bankruptcy.

This article is reproduced by kind permission of Mr Kyri Evagora of Reed Smith.
In the case of Quadra Commodities S.A. v. XL Insurance & Co [2022] EWHC 431 (Comm), the Court was asked to consider whether the Claimant was entitled to an indemnity under its marine cargo policy in circumstances where the goods it had purchased went missing from the Ukrainian warehouses in which they were supposed to have been stored prior to delivery at ports and then export.

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1 September 2019: Hacked Emails and Fraudulent Accounts – A Modern Tale

The increased digitalisation of commercial transactions has encouraged criminals to find new ways to defraud their victims and have created new issues to untangle in arbitration proceedings. In K v A [2019] EWHC 1118, a commodities case on appeal from a GAFTA arbitration award, various issues arising from hacked emails and the payment of over USD 1 million into a fraudulent account, were examined by the Court. The article is written and reproduced with kind permission from Clyde & Co.

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