Archive

The term ‘breach of contract’ is commonly heard within a business context and occurs when one party fails to fulfil some or all of its contractual obligations. But what is a ‘repudiatory breach’ of contract? In short, a repudiatory breach is a serious breach of contract by one party which goes to the root of the contract, depriving the innocent party of the whole benefit […]

The Chartered Institute of Arbitrators (CIArb) recently published its new “Guideline on Third-Party Funding in Arbitration” (Guidelines), which are designed to provide some clarity as to best practice in respect of the growing use of third-party funding in international arbitration. What is third party funding? For those unfamiliar with the concept, third-party funding (TPF) in international arbitration is where claimants’ arbitrations are funded by a […]

The IUMI Stats Report 2025 is an analysis of the global marine insurance market for 2024. This annual document reports on the state of the marine insurance sector within the framework of the global economy, trade and shipping. Data is gathered from a number of agencies including IUMI’s own sources and is analysed and presented with some additional commentary. Highlights from this year’s report includes: […]