Contact with chambers should be made through the Practice Management Team. They are happy to discuss client requirements and provide further information on such matters as the expertise and experience of individual members, fees, working practices and languages spoken. We have members able to work in French, German, Italian, Spanish, Dutch, Swedish, Greek and Chinese (Mandarin).
Outside working hours, a member of our team is always available to be contacted on matters of an urgent nature. Contact should be made using the Chambers main number or email.
For our Singapore office, for client enquiries please contact our BD Director, Asia Pacific, Lara Quie and for all other queries please contact Lynn Quek. Out of office hours calls will automatically be diverted to our clerking team in London.
28 Maxwell Road
#02-03 Maxwell Chambers Suites
Singapore 069120
singapore@twentyessex.com
t: +65 62257230
Contact with chambers should be made through the Practice Management Team. They are happy to discuss client requirements and provide further information on such matters as the expertise and experience of individual members, fees, working practices and languages spoken. We have members able to work in French, German, Italian, Spanish, Dutch, Swedish, Greek and Chinese (Mandarin).
Outside working hours, a member of our team is always available to be contacted on matters of an urgent nature. Contact should be made using the Chambers main number or email.
For our Singapore office, for client enquiries please contact our BD Director, Asia Pacific, Lara Quie and for all other queries please contact Lynn Quek. Out of office hours calls will automatically be diverted to our clerking team in London.
28 Maxwell Road
#02-03 Maxwell Chambers Suites
Singapore 069120
singapore@twentyessex.com
t: +65 62257230
In Euro-Asian Oil SA v Credit Suisse AG (handed down on 25 July 2018) the Court of Appeal upheld a judgment of over US$15 million obtained by Euro-Asian against Credit Suisse under a letter of indemnity (“LOI”).
Euro-Asian had entered a contract to buy a quantity of oil on cif terms from a company called Abilo (UK) Limited. The contract provided for payment by letter of credit. It further provided that, where bills of lading were not available, payment was to be made against presentation of an LOI and a commercial invoice. Abilo/its bank obtained payment of the full contract price by presenting under the letter of credit an LOI (signed by Abilo and co-signed by Credit Suisse) and a commercial invoice. The LOI contained various warranties and undertakings as to Abilo’s title and rights concerning the cargo being sold. However Euro-Asian did not receive any cargo and the cargo described in the LOI did not actually exist. Accordingly Euro-Asian claimed against Credit Suisse for breach of the LOI.
In addition to the issue of liability, the Court of Appeal considered the measure of damages and, in particular, the relevance of a sub-contract which had been entered by Euro-Asian.
Duncan Matthews QC and Sudhanshu Swaroop QC acted for Euro-Asian Oil SA.