Lloyd's Law Reports

Professor Robert Merkin KC; Dr Johanna Hjalmarsson

Document

VERACRUZ TRANSPORTATION INC v. V. C. SHIPPING CO. INC. AND DEN NORSKE BANK A/S (THE “VERACRUZ I”)

[1992] 1 Lloyd's Rep. 353

COURT OF APPEAL

Before Lord Justice Nourse, Lord Justice Beldam and Sir John Megaw

Practice - Mareva injunction - Anticipatory breach - Sale of ship - Dispute referred to Arbitration - Plaintiffs anticipated breach of contract by buyers - Mareva injunction obtained ex parte to take effect after delivery and payment - Whether Court had jurisdiction to grant injunction - Whether injunction should be discharged or reduced.

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