Logged out
Access All our Essays in an Instant
Swap your work for FREE access, or pay £4.99 for instant access
The obtaining of security for claims in the disputes is very important, in respect to maritime claims.
Member rating: No Rating | Words: | Submitted: Mon Jun 19 2006
Page Preview
On the left is an image preview of every page of this document, and below are the first 150 words with formatting removed:
Security for Claims Table of Contents 1. Arrest of ship (for maritime claims) 3 2. Mareva injunction 3 3. Interim protection order: 4 4. Procedural "Order Nisi" 4 5. Orders for Specific Performance. 4 Security for claims The obtaining of security for claims in the disputes is very important. The benefit is not just to ensure that the award, if successful, will be eventually honored by the respondents/debtors. Another important side benefit will be to heighten the probability of an early amicable settlement. The security is likely to be put up in the "best possible light" of the claim, with costs and interest being included. In other words, it is going to be excessive. This will ensure that the respondents/debtors will want to seek an early settlement so that the security can be released and they can get back part of the funds. If no amicable settlement can be reached, with security in place the respondents/debtors are unlikely to employ delaying tactics in the...
To see the full version of this document, and 145,348 others
