8 Jan 2020
SIMPSON MARINE LTD v. THE OWNERS OF THE SHIP OR VESSEL M/V “MAGGIE” (an “AZIMUT 43 PLUS” HULL NO: 568 HIN:IT-AZI 43568E010 CERTIFICATE OF OWNERSHIP NO: 139475 ENGINE NO 46953382 / 46951949
- Citation
- [2020] HKCFI 207
- Court
- Court of First Instance
- Case number
- HCAJ171/2011
The application was dismissed as premature because the sale proceeds paid into court properly serve as security for Simpson Marine's claim including interest and costs; the applicants failed to provide satisfactory alternative security or evidentially supported moderation of Simpson's claimed costs, therefore the court will not release the funds until taxation of costs is completed and any surplus determined.