NUEVA FORTUNA CORPORATION v. TATA LTD. (THE “NEA TYHI”) NUEVA ESPERANZA CORPORATION v. TATA LTD. (THE “NEA ELPIS”)

[1999] 2 Lloyd's Rep. 497

QUEEN’S BENCH DIVISION(COMMERCIAL COURT)

Before Mr. Justice RIX

Agency - Undisclosed principal - Joint venture partner and co-principal - Plaintiffs time chartered vessels to third party - Third party sub-chartered vessels to defendants - Default on charters - Plaintiffs claimed against defendants - Whether sub-charters sham contracts - Whether real relationship between defendant and third party that of disponent owners and charterers - Whether defendants undisclosed principal or joint venture partner and co-principal of third party.