16 Apr 2020
CREDIT SUISSE AG v. THE OWNER OF THE SHIP OR VESSEL “BRIGHTOIL GALAXY”
- Citation
- [2020] HKCFI 613
- Court
- Court of First Instance
- Case number
- HCAJ13/2019
The court exercised its supervisory discretion to fix reasonable retention sums per vessel on a 'reasonably arguable best case' basis, ordered that the plaintiff's costs of the actions be recoverable on an indemnity basis but be taxed if not agreed, allowed the retention to include 'further legal costs and disbursements' incurred to protect mortgage rights (subject to identification), and reformed the draft orders to retain specified amounts in each action and to give effect to agreed priorities.