Jody Wood on the Judicial Sale of Ships
The Beijing Convention provides a framework for the rights and obligations of stakeholders following judicial sale of ships, whether that be by judicial auction or by way of private treaty. The framework increases protection for prospective purchasers of those ships, usually being sold in the context of enforcement of maritime claim proceedings. The clearly stated aim of the Convention is to realise better value for ships sold in distressed circumstances, on the basis that higher prices benefit debtors and creditors alike.
In this update, we take a look at the main provisions of the Beijing Convention and what they mean for stakeholders in judicial sales of vessels.
Read the full article here.
“The Final Report on the proposed Reform of the Arbitration Act” | An LSLC Event Hosted by ZFZ – 10 October 2023
The Final Report on the proposed Reform of the Arbitration Act
The Globe Danae | ZFZ Postcard Cases
Pursuant to a charterparty dated 9 June 2021 on an amended NYPE form (the “Charterparty”), Langlois Enterprises Ltd (“Owners”) agreed to let, and Smart Gain Shipping Co Ltd (“Charterers”) agreed to hire, the MV Globe Danae (“Vessel”) for a time charter trip of about 40 to 50 days via the east coast of India to Brazil.
Pre-emptively Peremptory? | Case by Case (Ep. 73)
With Luke deep in hearing prep this week, Calum was joined by Miguel to look at a (slightly speculative…) attempt to use the wording of the LMAA Small Claims procedure to bar a claim.
A quick fire one this week – but a snapshot into an interesting maritime law point, London Arbitration 9/23.