Security Maintenance Clauses in Ship Finance Transactions: Are They Enforceable?
English High Court confirms that banks can enforce security by relying on breach of loan to value ratio covenant in ship finance agreement.
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Landmark Court of Appeal decision on ship arrest counter-security and wrongful arrest damages
In a landmark ruling that has brought welcome clarity to a legal ‘hot topic’ that has been debated for many years, the English Court of Appeal has now upheld the first instance decision of the Admiralty Court in The Alkyon.