The 'Pay to be Paid' Rule - a protected right?
Steamship Mutual
In Shipowners' Mutual v Containerships Denizcilik (2015) the Commercial Court granted and maintained an anti-suit injunction against Charterers who had sued a P&I Club in Turkey. Charterers had tried to avoid the effect of the 'Pay to be Paid' rule by relying on a right of direct action against insurers under Turkish
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