Pyrrhic victory: undoing the law on damages

Flame SA v Glory Wealth Shipping Pte Ltd (The Glory Wealth) [2013] EWHC 3153 (Comm) is yet another shipping dispute arising from the collapse in the market in the wake of the financial crisis. This short commentary is focused solely on certain aspects related to the assessment of damages for wrongful repudiation of the contract of affreightment (COA) concluded by the parties.

The Glory Wealth : background