The GAFTA Default Clause and the Scope of Arbitration Appeals
In the case of Sharp Corp Ltd v Viterra BV (formerly known as Glencore Agriculture BV [2024] UKSC 14, the UK Supreme Court has decided the proper measure of damages under the Grain and Feed Trade Association (“Gafta”) default clause and reaffirmed the interpretation of section 69 of the Arbitration Act 1996 (“AA 1996”). Whilst…