English Court of Appeal Upholds Validity of “Pay First” Clauses in Marine Insurance: Lessons from MS Amlin Marine NV v King Trader Ltd [2025] EWCA Civ 1387
A recent decision by the English Court of Appeal reaffirmed the enforceability of “pay first” clauses in charterers’ liability insurance policies. The judgment in MS Amlin Marine NV v King Trader Ltd [2025] EWCA Civ 1387 offers valuable guidance not only for the marine insurance market but also for the broader interpretation of contractual provisions […]
Global Trade Outlook: WTO Signals Stronger Momentum for 2025, Softer Growth Ahead
The global trade landscape has entered a moment of cautious optimism. In its latest update released in October, the WTO revised its forecast for global merchandise trade growth in 2025 to 2.4 percent, significantly higher than earlier expectations. At the same time, the outlook for 2026 has been adjusted downward, with growth now projected at […]