largest bbw dating site - Backdating contract

The bank alleged, in the arbitration proceedings, that the shipbuilding contract had been fraudulently backdated; that it had been “cheated to agree to issue the refund guarantees”, and that the refund guarantees should be null and void and/or unenforceable.

The construction was delayed, and the buyer claimed that it was entitled to cancel the shipbuilding contract and claim repayment of the instalments.

Arbitration commenced in London, whereby the shipbuilder disputed the buyer’s right to cancel the shipbuilding contract, did not repay the instalments and, instead, claimed that it was entitled to damages.

Holding court In the two actions before the Court, the buyer and the lender sought to obtain anti-suit injunctions restraining the Chinese proceedings.

Not surprisingly, the Court granted the anti-suit injunction sought by the buyer.

The obligations to third parties will almost invariably be based on the date that the contract or agreement was fully executed subject to any applicable special circumstances.

It is worth noting that whilst parties signing a contract or agreement may expressly state that the contract or agreement is effective from a date in the past, the parties should not "back-date" the date of execution (for example, sign the contract or agreement today and but insert an earlier date as the date of the document, thereby making it seem as if it was signed on some earlier date).Stating that the contract or agreement will be effective from an earlier "effective date" will, however, only be effective as between or among the parties to the contract or agreement.It will not affect those parties' obligations under the terms of the contract or agreement with regard to third parties who are not parties to the agreement.respectively were interpolated or fudged or forged or backdated. The petitioner / D1 has averred in the affidavit that facts of the present case because no written contract had come in to effect and because the supply of goods ...Department in August and September, 1997 and thereafter backdated by the person purporting to have issued them on behalf award of contract on the ground that the contract had been executed inter se between the concerned parties ...If the parties to an agreement governed by Cayman Islands law would like the agreement to take effect from a date earlier than the date upon which the agreement was signed and entered into, the parties should expressly state in the document that it is intended to be effective from a date earlier than the date on which the parties entered into the agreement.

Tags: , ,