Arbitration analysis: The Supreme Court has provided guidance on the application of both section 69 of the Arbitration Act 1996 (AA 1996) and the Gafta Default Clause: AA 1996, s 69: Broadly drafted questions of law for which permission to appeal has been granted may be amended by appellant courts so long as their substance remains unchanged. Further, under AA 1996, s 69, (i) permission to appeal may only be granted in relation to questions of law which were fairly and squarely before the arbitration tribunal for determination; and (ii) the appellant court has no jurisdiction to make findings of fact. While an appellant court may infer facts that had not been expressly articulated in an award, such findings must ‘inevitably follow’ findings that had been so made para [74]. The Gafta Default Clause: Consistent with both the compensatory and mitigation principles of the law of damages, the starting point for the assessment of damages under the Gafta Default Clause is the substitute sale or purchase of the goods in question. If this is not an appropriate means of establishing a default price for the goods, such price should be established by reference to the market price of the goods. Where there is a dispute as to the market by reference to which the value of the goods should be established, the court must determine the market in which it would be reasonable for the goods to be purchased or sold. Written by Chris Felton, partner and Katie Dyson, partner at Gardner Leader LLP.