The English High Court has handed down a decision affecting the rights of grain traders to recover unpaid contractual prices, overturning three GAFTA awards worth over USD 22 million. The case of Trans Trade RK SA v State Food and Grain Corporation of Ukraine [2025] EWHC 1803 (Comm) (17 July 2025) highlights the critical distinction between a seller’s right to claim the full price of the goods and the right to claim damages only. Background:…
In June 2025, the Commercial Court in London (High Court of Justice) handed down an important judgment concerning a challenge to a decision of the GAFTA Board of Appeal. CAFI – Commodity & Freight Integrators DMCC v GTCS Trading DMCC [2025] EWHC 1350 (Comm), demonstrates how arbitrators may exceed their jurisdiction and establishes an important precedent on overlapping arbitration agreements. The case offers a number of practical lessons for market participants. Factual background: two contracts…
FOSFA arbitration (The Federation of Oils, Seeds and Fats Associations Ltd) plays a key role in international trade of oils, seeds, and fats. In this guide, we will examine the main aspects of FOSFA arbitration, including the dispute resolution process, timelines, costs, and enforcement of decisions. It is important to understand how this process works to use it effectively in commercial activities. 📕 Free practitioner’s guide — FOSFA arbitration & appeal 2026 Print-quality 26-page PDF…
Gafta arbitration (Grain and Feed Trade Association) is a dispute resolution process conducted under the Gafta rules, primarily based on the association’s standard forms. Gafta, the International Grain and Feed Trade Association, was established to standardise and simplify the global trade of grain and feed. The association develops standard form contracts that include mandatory provisions for resolving disputes through Gafta arbitration. These contracts are widely used in international trade, and any disputes arising from them…
