Korea Shipbuilding & Offshore Engineering Co, Ltd & Anor v F Whale Corporation TMT Co, Ltd

Korea Shipbuilding & Offshore Engineering Co, Ltd & Anor v F Whale Corporation TMT Co, Ltd

Defendants failed to establish a reasonable prospect of success at trial; no cogent evidence of inability to instruct solicitors; no valid defence to substantial debt claims; application to set aside judgment dismissed.

Parties
Claimant: Korea Shipbuilding & Offshore Engineering Co., Ltd; Claimant: Hyundai Heavy Industries Co., Ltd; Claimant: Hyundai Samho Heavy Industries Co., Ltd; Defendant: F Whale Corporation; Defendant: TMT Co., Ltd; Defendant: B Ladybug Corporation; Defendant: E Elephant Inc; Defendant: Iron Monger 2 Co., Ltd; Defendant: F Duckling Corporation; Defendant: Estable Shipping S. A.; Defendant: Admirar Vista Shipping S. A.; Defendant: A Max Corporation; Defendant: Iron Monger 8 Co., Ltd
Jurisdiction
England and Wales
Judgment Date
09 July 2020
Procedural Posture
Commercial Debt Claim / Application to Set Aside Judgment Under CPR 39.3
Outcome
Application to set aside judgment dismissed
Legal Topics
Setting Aside Judgment, Absence at Trial, Guarantees, Shipbuilding Contracts, Limitation
Commercial Law Civil Procedure Setting Aside Judgment Absence at Trial Guarantees Shipbuilding Contracts Limitation

Case Brief

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Parties

Korea Shipbuilding & Offshore Engineering Co., Ltd

Claimant

Hyundai Heavy Industries Co., Ltd

Claimant

Hyundai Samho Heavy Industries Co., Ltd

Claimant

F Whale Corporation

Defendant

TMT Co., Ltd

Defendant

B Ladybug Corporation

Defendant

E Elephant Inc

Defendant

Iron Monger 2 Co., Ltd

Defendant

F Duckling Corporation

Defendant

Estable Shipping S. A.

Defendant

Admirar Vista Shipping S. A.

Defendant

A Max Corporation

Defendant

Iron Monger 8 Co., Ltd

Defendant

Procedural Posture

Commercial Debt Claim / Application to Set Aside Judgment Under CPR 39.3

Legal Issues

  1. 1 Whether Defendants had a good reason for not attending trial
  2. 2 Whether Defendants acted promptly
  3. 3 Whether Defendants had a reasonable prospect of success at trial

Ratio Decidendi

Defendants failed to establish a reasonable prospect of success at trial; no cogent evidence of inability to instruct solicitors; no valid defence to substantial debt claims; application to set aside judgment dismissed.

Court Disposition

Application to set aside judgment dismissed

Orders

  • Judgment and related orders remain in force