If a claim would be time-barred in arbitration, but not in the court proceedings that had been commenced within time, would that be enough reason to impose conditions when ordering a stay of court proceedings? The Singapore High Court answered the question in the negative in The Navios Koyo [2021] SGHC 131.
This case is a reminder for parties to commence legal proceedings timeously and in the agreed forum, or risk the claim being time-barred. In this Update, we provide a summary of the decision and the key points potential disputants should note.
For more information, click here to read the full Legal Update.