High Court of Justice of England and Wales, 16 March 2018, Daewoo Shipbuilding & Marine Engineering Company Ltd v. Songa Offshore Equinox Ltd & Anor [2018] EWHC 538 (Comm)

DSME as contractor (“Claimant”) and two companies of Songa group as employers (“Defendants”) concluded two turn-key contracts for the design, construction and sale of drilling rings. These disputes arose out of time and cost over-runs in the construction of the rings. The Claimant therefore commenced arbitration against the Defendants. By two awards the tribunal found [...]