Common Contracts
1 similar Legal Case contracts
A-101-14; 2014 FCA 231)Legal Case • November 12th, 2014
A vessel owned by Leo Ocean S.A. hit a marine terminal trestle owned by the plaintiffs, causing a loss estimated to be in excess of $60 million. The plaintiffs commenced an action against Leo Ocean S.A., the vessel et al. (the defendants) and obtained a warrant for the arrest of the vessel. The parties negotiated the amount of security. The plaintiffs moved for a determination of whether the parties had a binding agreement whereby the plaintiffs agreed to waive rights to arrest sister ships of the defendant vessel. Also at issue was whether pursuant to s. 43(8) of the Federal Courts Act, the plaintiffs could arrest a sister ship of the offending vessel.
