Lloyd's Law Reports

Professor Robert Merkin KC; Dr Johanna Hjalmarsson

Document

THE "HALCYON THE GREAT" (No. 2)

[1975] 1 Lloyd's Rep. 525

QUEEN'S BENCH DIVISION(ADMIRALTY COURT)

Before Mr. Justice Brandon

Practice - Mortgage action in rem - Appraisement and sale of ship by Admiralty Marshal pendente lite - Owners of ship in compulsory liquidation - Highest of three bids at sale of ship substantially below appraised value - Commission of sale requiring Admiralty Marshal not to sell ship below appraised sale without leave of the Court - Application by Marshal for leave to sell ship below its appraised value - Whether application should be granted - R.S.C. O. 75, r. 12.1

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