Contact details

Mark Lakin

T: +971 4407 3930 M: +971 52 120 3195 Email Mark | Vcard Office: Dubai

Awards

Commodities: physicals

Commodities: physicals

Winner - The i-law Maritime Law Award

Winner - The i-law Maritime Law Award

Mark Lakin Senior associate

Contact details

Mark Lakin

Mark Lakin
Senior associate

T: +971 4407 3930 M: +971 52 120 3195 Email Mark | Vcard Office: Dubai

Mark is a senior associate in our marine and international trade department based in Dubai, UAE. He has a broad range of litigation experience with specialist expertise in the shipping and commodities sectors.
  • Profile
  • Services

Mark is a skilled litigator with extensive experience in shipping, commodities and trade finance disputes. Having trained in London and practiced there for the first five years of his career, Mark moved to Dubai in 2017 in order to focus on building the Firm’s shipping and commodities practice in the UAE. He continues to be heavily involved in arbitration and Court cases in England for clients based the Middle East whilst also becoming a specialist in matters before the Dubai International Financial Centre Courts and arbitrations seated in the UAE.

He has acted for a cornucopia of clients, ranging from oil majors, state-owned oil companies, trading houses, smaller independent commodities traders, shipowners, hedge-funds and banks. The majority of those matters have been arbitrations in the major shipping and commodities forums, including the LMAA, LCIA, DIFC-LCIA, DIAC GAFTA, FOSFA, ICC, UNCITRAL, SIAC, HKIAC and the first case before the newly formed Emirates Maritime Arbitration Centre (EMAC). The disputes have ranged from modest demurrage disputes to oil and gas disputes worth hundreds of millions of dollars.

His reported Court cases in England include H&CS v RBRG Trading, Petrosaudi Oil Services v Novo Banco & Ors and Integral Petroleum SA v Perogat FZE & Ors. In Dubai he has recently acted in one of the leading cases on the enforcement of foreign judgments in the DIFC - Essar Global Fund Limited v Barclays Bank PLC & Ors.

Mark has also undertaken a number of secondments with both trading houses and trade finance banks, which has led to him being involved in non-contentious work such as advising on the structuring of trade finance facilities and ‘repo’ sale contracts.

  • Marine and international trade
  • Commodities
  • Shipping litigation

Petrosaudi Oil Services v Novo Banco & Ors

Acting for the PDVSA, the Venezuelan state oil company, in a multifaceted dispute involving litigation before the English High Court, Court of Appeal, Supreme Court and in an UNCITRAL Arbitration.

Essar Global Fund Limited v Barclays Bank PLC & Ors

Acting for a New York hedge fund in proceedings for the recognition and enforcement of a USD170 million dollar judgment against EGFL in the DIFC Courts and in subsequent enforcement actions before the UAE Courts.

H&CS v RBRG Trading

Advising a leading global commodity trader on the enforcement in England of a New York Convention Arbitration Award. 

Sale contract – LCIA Arbitration – quality dispute

Acting for a mining group in a series of quality and misrepresentation claims with a major trading house relating to the supply of lead and zinc concentrates.

Sale contract – LCIA Arbitration – non-delivery

Representing a major oil and gas company in a dispute over the non-delivery of fuel oil.

Sale contract – SIAC Arbitration - non-performance of contract

Acting for a leading global commodity trading company on a dispute relating to the non-performance of a contract for the purchase of iron ore and related settlement agreements.

Time charterparty – LMAA arbitration – cancellation dispute

Advising a state-owned oil and gas company in a claim for wrongful termination of a time charter for an LPG.

Contract of affreightment – LMAA arbitration – penalty clause/demurrage dispute

Acting for a state-owned oil and gas company in relation to a dispute over penalties for missed liftings under a CoA and demurrage.

Voyage charterparty – ad-hoc arbitration – jurisdiction / demurrage dispute

Acting for a shipowner in a demurrage dispute involving issues such as commencement of laytime and time-bars. The case also involved novel jurisdiction challenges and obtaining security for owners in the United States.

Voyage charterparty – LMAA intermediate claims procedure – cargo damage

Acting for a charterer in a claim brought by shipowners under the Interclub Agreement for a contribution for monies paid to receivers arising for damage to cargo.

Awards

Commodities: physicals

Commodities: physicals

Winner - The i-law Maritime Law Award

Winner - The i-law Maritime Law Award

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