01.01.08 |
Following a complete redesign and reboot, the new website was released. |
26.10.07 |
Attendance at the 4th International Marine Claims Conference between 24th and 26th October in The Grand Hotel, Malahide, Co. Dublin, Ireland. |
04.05.07 |
Russell Ridley & Co recover £4.9m for Maersk Oil. The High Court's decision on the case of Maersk Oil UK Limited v Dresser-Rand (UK) Limited [2007] All ER (D) 153 was a resounding success for Maersk Oil. We acted for the Claimants Maersk Oil, for whom we have recovered some £4.9M in damages, interest, costs and interest on costs. Dresser Rand's solicitors declared to the Court that they had billed Dresser Rand some £2,700,000.00 in defending this claim. Facts Maersk bought a defective gas compression package from Dresser-Rand for its Janice A platform in the North Sea. The result was substantial expense associated with the package. Maersk complained to Dresser-Rand and with our assistance made strenuous efforts to settle this dispute, which unfortunately came to nought - despite what the judge eventually found to have been our very realistic approach to settlement. The result was a 23 day breach of contract claim. His Honour Judge Wilcox made detailed findings that the package suffered from excessive and harmful vibrations, that the liquid handling was inadequate, that the electric motors were inadequate and that the compressor control provided by Dresser-Rand suffered from shortcomings. Two sentences from the judgment of 4th May 2007 epitomise the case: ''In many significant respects affecting its safety and reliability it [Dresser-Rand's package] was not fit for purpose.'' [paragraph 2] ''At the end of the day this is a case about a package that was not fit for purpose in significant respects and the claimant, KMG [now Maersk], proved this to be the case.'' [paragraph 8] Comments We acted for Maersk Oil UK Limited. The judge found that they had at all stages been willing to negotiate and made settlement offers on a very realistic basis, but were forced to go to trial to recover full compensation. Reflecting this the judge awarded interest on principal at 7.5% above base rate (itself currently 5.5%), and not only awarded our clients all of their costs, but ordered assessment on the indemnity basis and interest on costs at 5% above base rate. While our efforts on Maersk's behalf to reach a commercial solution were not rewarded by an early settlement, Maersk reaped the benefit of our settlement strategy by additional awards worth several hundreds of thousands of pounds. Counsel Our Barrister throughout this case was Peter McMaster of Serle Court with additional assistance during the latter stages supplied by Thomas Braithwaite, also of Serle Court: www.serlecourt.co.uk. |
21.02.07 |
Settlement agreed on the Talbot Underwriting Ltd (our clients) v Nausch, Hogan and Murray Inc matter in the High Court. |
01.12.06 |
Last day of Trial of the Maersk Oil UK Ltd (our clients) v Dresser Rand matter in the Construction and Technology court, awaiting judgement. |
13.10.06 |
Attendance at the 3rd International Marine Claims Conference between 11th and 13th October in The Berkeley Court Hotel, Dublin, Ireland. |
31.06.06 |
We are extremely pleased to advise that in the matter of Talbot Underwriting Ltd (our clients) v NHM Inc, the Defendants appealed and the matter was heard by Lord Justices's Waller, Moore-Bick and Richards on 11th and 12th May 2006. As wholly anticipated the Court of Appeal upheld the decision of Cooke J on all counts, copies of the approved judgement can be requested via email. |
01.05.06 |
The first anniversary of start up. We would like to thank our clients for their continuing support, celebrations took place. |
24.01.06 |
Overwhelming success in the Fairfield Chemical Carriers Inc (our clients) case against Handytankers K/S (arbitration) . The case involved Handytankers' wrongful withdrawl from a time trip charter party. The details of which are of course confidential. |
31.10.05 |
We are pleased to announce the recent decision of the Commercial Court in the case of Talbot Underwriting Ltd (our clients) v NHM Inc wherein Mr Justice Cooke found for our clients (the claimants) on all prinicipal points. Full details of the case and downloads of the judgements appear below. |
01.09.05 |
Website at www.russellridley.co.uk launched. |
01.05.05 |
First day of business. |
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