Chugga Chugg v Privinvest

Chugga Chugg (an SPV) claimed €9.955m under a parent company guarantee. The guarantee secured performance of Privinvest’s subsidiary, Nobiskrug GmbH, under a contract with Chugga Chugg for the design and build of a luxury superyacht. Central to the dispute were: Discussions by telephone in which the Buyer and their broker were found to have communicated […]