NatWest Markets plc v Stallion Eight Shipping Co SA (The “Alkyon”) – Court of Appeal (Sir Terence Etherton MR, Gross and Flaux LJJ) [2018] EWCA Civ 2760 – 11 December 2018

Admiralty practice – Arrest of vessel by mortgagee – Shipowner applying for order releasing vessel from arrest unless mortgagee provided cross-undertaking in damages – Whether cross-undertaking should be imposed as condition of release

Theissue in this case was whether the Admiralty Court ought to exercise its discretion to order that a vessel should only be released from arrest on condition that the mortgagee bank provided a cross-undertaking in damages.