DSA Consultancy (FZC) v Owner and/or Demise Charterer of the Vessel "Eurohope" — High Court (Chua Lee Ming J) — 31 August 2017

DSA Consultancy (FZC) v Owner and/or Demise Charterer of the Vessel "Eurohope" — High Court (Chua Lee Ming J) — 31 August 2017

“The High Court recently clarified that under Singaporean law vessel arrest for the purpose of retaining security in support of foreign proceedings is not available. Charterers pursuing litigation in England were ordered to return the security obtained as the arrest was declared an abuse of process. The Owners' damages claim for wrongful arrest was dismissed as the Charterers' behaviour did not amount to bad faith or malice, nevertheless, Charterers were ordered to pay the costs of the appeal proceedings. This is a significant difference from the position in England where courts have the power to order the arrest of property in assistance to foreign proceedings.”

Angeliki Georgouli
E. G. Arghyrakis & Co.
18th October 2017