Fiona Trust - Lords dismiss appeal | Practical Law
In Fiona Trust v Privalov [2006] EWHC 2583 (Comm), the claimant shipowners alleged that charterparties had been procured by bribery, and commenced proceedings in the commercial court seeking a declaration that the charterparties had been validly rescinded. The charterparties contained arbitration clauses, and the defendant charterers accordingly applied for a stay of proceedings pursuant to section 9 of the Arbitration Act 1996. The Court of Appeal, overturning the first instance decision of Morison J, granted a stay. (For our report of the Court of Appeal decision, see Bribery and arbitration agreements: new Court of Appeal guidance.)