Farenco Shipping Co Ltd v Farenco Shipping Pte Ltd and Others – US District Court (ED Louisiana) (Jay C Zainey DJ) – 15 November 2012

Admiralty jurisdiction – Foreign law fraudulent transfer claims – Plaintiff claiming defendant forced plaintiff to break forward freight agreements – Plaintiff arresting vessel alleged to have been purchased with fraudulently transferred funds – Whether claim fell within admiralty jurisdiction – Whether plaintiff entitled to rely on Louisiana non-resident attachment statute

The plaintiff, a British Virgin Island company, currently in liquidation, filed a complaint against the defendants. The claims were foreign law “clawback” or avoidance or fraudulent transfer claims.