In the recent case of
Helice Leasing SAS v PT Garuda Indonesia (Persero) Tbk ([2021] EWHC 99 (Comm)), the Commercial Court decided that the claimant, aircraft leasing company Helice, must arbitrate its claim against airline Garuda for more than $5,150,000 in unpaid lease rent under London Court of International Arbitration (LCIA) rules instead of proceeding by court action.
The court upheld the parties arbitration agreement pursuant to the lease agreement terms despite conflicting references therein which stated that the lessor could proceed by appropriate court action following an event of default.(1) The court endorsed the one-stop shop principle established by the House of Lords in
Singapore High Court s ruling on overlapping arbitration and jurisdiction clauses | Bryan Cave Leighton Paisner jdsupra.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from jdsupra.com Daily Mail and Mail on Sunday newspapers.