5 Jul 2024
EMS-TECH INC. v. THE OWNERS AND/OR DEMISE CHARTERERS OF THE SHIP OR VESSEL “MIRNA” AND THE OTHER SHIPS OR VESSELS NAMED IN SCHEDULE “A” ANNEXED HERETO
- Citation
- [2024] HKCFI 1793
- Court
- Court of First Instance
- Case number
- HCAJ3/2024
The application for sale pendente lite was granted because service was proper, the Defendant did not appear, the Plaintiff as arresting party has a reasonably arguable claim with an estimated entitlement to security (USD 3.28m) and no security was provided, the vessel is a wasting asset incurring substantial continuing costs, is old and unfit to sail, and there are no other interested parties, making immediate sale desirable.