18 Jun 2015
ARINA OFFSHORE JLT v. THE OWNERS OF THE SHIP OR VESSEL “ALMOJIL 61”
- Citation
- ARINA OFFSHORE JLT v. THE OWNERS OF THE SHIP OR VESSEL “ALMOJIL 61”
- Court
- Court of Appeal
- Case number
- CACV214/2014
On construction and characterisation the Agreement, read as a whole, created an advance repayable out of sale proceeds such that AMIL did not acquire a part beneficial ownership in the vessel; absent fraud or other compelling circumstances registration is virtually conclusive of beneficial ownership for s.12B(4)(ii); appeals dismissed.