AGA Partners successfully represented a large Australian agribusiness and processing company (buyer) before London arbitration in a dispute against a Swiss agricultural trader (seller).
The dispute emerged due to a seller’s failure to deliver the goods within the contractual delivery period. Among other things, the dispute involved a number of legal issues related to an alleged variation of the contract during oral negotiations, waiver by election and waiver by estoppel.
After long-lasting exchange of written submissions between the parties, the arbitral tribunal ruled in favour of the buyer, by confirming that at no time had the buyer ever agreed to receive the goods after expiry of the delivery period. As a result, the buyer was awarded with market damages plus interest and relevant arbitration fees and expenses.