THE QUEENSLAND ELECTRICITY GENERATING BOARD v. NEW HOPE COLLIERIES PTY LTD.

[1989] 1 Lloyd's Rep. 205

PRIVY COUNCILJUDICIAL COMMITTEE

Before Lord Diplock, Lord Fraser of Tullybelton, Lord Roskill, Lord Brightman and Sir Robin Cooke

Arbitration - Arbitration clause - Agreement for supply of coal - Defendants called for review of price variation provisions after five years - Whether arbitration clause had retrospective effect on terms of agreement - Whether contract unenforceable after first five years because no price agreed.