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This important case should assist in furthering the SICC's objective of providing a world-class international commercial court. By construing the relevant rules relatively narrowly, it should in future be easier for international parties to access the 'offshore' jurisdiction of the SICC, together with its benefits.
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The decision of the SICC in this case provides welcome clarification as to the extent of the 'offshore' jurisdiction of the SICC.
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STEAM CONNECTION ERROR MARCH 2016 SERIES
Teras Cargo Transport (America) LLC ("Teras America") entered into a series of contracts with Bechtel Oil Gas and Chemicals Inc.
STEAM CONNECTION ERROR MARCH 2016 FULL
(Click here for the full judgment.) This is important as this is a key feature of the SICC which allows users to have greater freedom as to the conduct of the case (including the appointment of international counsel). In this post, we look at one of these judgments which deals with what constitutes an 'offshore case' for the purposes of the SICC in Teras Offshore Pte Ltd v Teras Cargo Transport (America) LLC. It issued its first judgment in May 2016 (see here) and has since continued to be active in resolving ongoing disputes in a speedy manner, with two more decisions issued in June 2016. As we previously reported, the recently established SICC is up and running.