Exploration Corp
[2012] 2 SLR 821. That case involved a principal agreement (an offshore drilling contract) which provided for arbitration, and an escrow agreement which provided for the jurisdiction of the Singapore High Court. Andrew Ang J rejected the contention that proceedings brought under the escrow agreement fell within the arbitration clause, so as to require the court to stay the proceedings under s.6 of the Singapore International Arbitration Act. He also referred to the different types of dispute which might arise under the principal contract and the escrow agreement, noting that the latter were likely to be “relatively straightforward and nontechnical in nature” and for that reason the parties were likely to have deliberately chosen a dispute resolution provision for the escrow agreement which could ensure more speedy relief (at [21]). 21.While those were both cases in which the court jurisdiction clause appeared in the security document, and the arbitration clause in the principal agreement setting out the parties’ primary obligations (as opposed to this case where the location of the two types of dispute resolution clause is reversed), they reflect the fact that the parties may frequently choose a different dispute resolution provision for an agreement which sets out the primary obligations of their relationships, and an agreement intended to operate by way of a security, without intending that the dispute resolution provision in the security agreement extend to disputes arising under the principal agreement.
- Mr Justice Foxton :
- The background
- The relevant arbitration and jurisdiction agreements
- The proper approach on a s.9 application
- Buildmaster Construction Services) v Islamic Press
- The approach to overlapping dispute resolution clauses
- BNP Paribas v Trattamento Rifiuti Metropolitani SpA
- Risk Group
- Sebastian Holdings
- Group
- Nordbank
- Savona
- Trattamento
- Services Ltd v Upaid
- UBS AG v HSH Nordbank AG
- UBS AG
- Kaltim Prima Coal
- Exploration Corp
- Analysis and conclusion
- The test for summary judgment
- Easyair Limited v Opal Telecom Limited
- Swain v Hillman
- ED & F Man Liquid Products v Patel
- Hillman
- ED & F Man
- Liquid Products v Patel
- Royal Brompton Hospital NHS Trust v Hammond (No 5)
- Pharmaceutical Co 100 Ltd
- ICI Chemicals & Polymers Ltd v TTE Training Ltd
- EIGL’s factual complaints in more detail
- Introduction
- The parties’ arguments in summary
- Arbuthnott v Fagan
- Is the right of set-off excluded by the SpA?
- Restaurants Ltd v. Indoor Leisure Ltd
- Investments Ltd
- In re Nortel GmbH
- EIGL’s case in summary
- Relief for unfair prejudice
- The Disputed Payments involved mismanagement of Heritage “on behalf of Albion” and Albion’s “failure to disclose what had occurred”
- F & C Alternative Investments (Holdings) Ltd v Barthelemy and another
- (No 2)
- The mismanagement gave rise to unfair prejudice so far as EIGL is concerned, because EIGL has suffered prejudice which cannot be remedied notwithstanding EIGL’s majority control of Heritage
- Re Legal Costs Negotiators Ltd
- Re Bird Precision Bellows Ltd
- Cool Seas (Seafoods) Limited v. Interfish Limited
- Sikorski v Sikorski and another
- Cool Seas
- Re Blackwood Hodge plc
- Re a Company
- Legal Costs Negotiators Ltd
- Re Baltic Estate Ltd (No 2)
- Re Ringtower Holdings
- The range of relief available in response to a petition for unfair prejudice is very broad, and includes a power to order Albion to compensate EIGL for its losses
- Call
- Re Chime Corp Ltd; Kung v Kou
- Foss v Harbottle
- Re Chime Corp Ltd
- Re Charnley Davies Ltd (No 2
- Is there a serious issue to be tried that the amount of such compensation in this case equals or exceeds the amount of Albion’s claim?
- The unfair prejudice claim is sufficiently closely connected with Albion’s claim to meet the test of equitable set-off
- Metaalconstructive NV v Simon Carves Ltd
- Aectra Refining & Marketing Inc v Exmar NV
- Stay
