2 Nov 2015
CALM OCEAN SHIPPING S.A. v. WIN GOAL TRADING LTD AND OTHERS
- Citation
- CALM OCEAN SHIPPING S.A. v. WIN GOAL TRADING LTD AND OTHERS
- Court
- Court of First Instance
- Case number
- HCAJ118/2015
The injunction was refused because the plaintiff failed to demonstrate the high degree of assurance required for a mandatory interlocutory injunction: there is a good arguable case that D1 had divested title by presenting documents under the LC so property passed to the buyer and banks hold pledge rights; the BADR B/L was not held to the order of D1; and it would be unjust to order sale/disposal behind the backs of the owner/pledgee (BADR/Deutsche Bank/ADO) who are not parties and have not been heard.