*Stallion Eight Shipping Co. SA v NatWest Markets plc (formerly known as The Royal Bank of Scotland plc)

Admiralty – Arrest of vessel. The appellant shipowners' appeal against a judgment dismissing their appeal to release a ship from arrest failed. The Court of Appeal, Civil Division, held that the judge at first instance had not erred in exercising his discretion to dismiss the application to release the ship from arrest unless the respondent bank provided a cross-undertaking in damages for the loss flowing from the arrest.

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