The WLR Daily case summaries
[2024] WLR(D) 298
Court of Appeal
King Crude Carriers SA and others v Ridgebury November LLC and others
[2024] EWCA Civ 719
2024 May 1, 2; June 27
Popplewell, Nugee, Falk LJJ
Contract— Terms— Breach— Buyers failing to pay deposit for purchase of tankers— Escrow accounts consequently unable to be taken out— Sellers terminating agreements and seeking to recover full amount of deposits— Scope of Mackay v Dick principle— Whether deposits to be claimed in debt or in damages