Security for and enforcement of Claims

Security for and enforcement of Claims.

Rule B attachment against ship owners, operators and charterers have flooded the courts in New York over the last four months for claims based on contracts’ defaults following the rapid collapse in bulk carriers’ freight rates. Rule B permits a claimant to freeze money passing through the USA for security pending arbitration.

Claimants for other types of contract defaults caused by the credit crisis are also seeking to obtain security for their claims in various jurisdictions.

This topical seminar will review recent developments in Rule B attachment orders and also recent incidents and developments in the arrest of ships in South Africa and France.

This event was video-linked with the speaker from South Africa.

Members: Download transcript here

Chair:Archie Bishop - Holman Fenwick Willan
Panellists:Alan Van Praag - Eaton & Van Winkle (New York)
Timothy Clemens - Jones, Holman Fenwick Willan (Paris)
Shane Dwyer - Shepstone & Wylie (Durban)
Venue:Holman Fenwick Willan
CPD Points:1.5