Shipbuilding - Litigation Readiness
Shipbuilding - Litigation Readiness Shipbuilders operate in a litigious environment and are subjected to perennial contractual risks. Even where proper legal resources are deployed at the front-end and during construction to manage contractual disputes, most do not have contingencies for arbitration or litigation. (perhaps thinking that it is a once in a 50 year storm/event) Consequently, legal or claim specialists (professionals) are only involved after the facts when matters come to a head. This will be precarious as Seller may have taken an unreasonable position based on amateur advice or prejudice their case though misguided communications. By the time professionals arrive on the scene, they face a massive task getting to speed with the facts, ploughing through voluminous documents and interviewing witnesses. Some key witnesses may have already left the shipyard or may be untraceable or may not want to get involved. In the worst scenario Seller’s action may be t