RBRG Trading UK Ltd v Sinocore International Co Ltd 2018 EWCA Civ 838 - 23 April 2018
This appeal concerns the enforceability of a New York Convention arbitration award where there are issues of illegality relating to the underlying claim.
The award dated 30 June 2014 ("the Award") was issued by the China International Economic and Trade Arbitration Commission ("CIETAC"). The Award awarded damages of US$4,857,500 to the Respondent Sellers ("Sinocore") for breach by the Appellant Buyers ("RBRG") of a contract for the sale of rolled steel coils.
RBRG contends that recognition and enforcement of the Award would be contrary to public policy and should therefore be refused under s.103(3) of the Arbitration Act 1996 (the "Act").