21 Sept 2017
CRETE MARITIME CORPORATION v. EMIRATES SHIPPING LINE DMCEST
- Citation
- CRETE MARITIME CORPORATION v. EMIRATES SHIPPING LINE DMCEST
- Court
- Court of First Instance
- Case number
- HCMP1010/2017
The injunction was discharged because Crete failed to adducesolid evidence of a real risk of dissipation; allegations of low commercial morality amounted to propensity evidence insufficient to infer a risk absent conduct close to fraud or dishonesty, and Emirates Shipping's substantial business, assets and the enforceability of awards in relevant jurisdictions made dissipation to evade an award improbable; inclusion of arbitration costs in a Mareva injunction is unusual and unjustified on the material before the court.