Luxury superyacht arbitration relaunched following rare section 45 application to the English court

In a recent decision, Goodwood Investments Holdings Inc. v Thyssenkrupp Industrial Solutions AG [2018] EWHC 1056 (Comm), the English court has considered a section 45 request for a ruling on a preliminary point of law. Requests of this nature are permissible under the Arbitration Act 1996, but are comparatively rare in practice. This was arguably a textbook example of a preliminary issue properly put before a court: did the parties’ without prejudice correspondence – which the arbitrators should not review in any event – constitute a binding settlement agreement?

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