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

Admiralty – Arrest of vessel. The applicant shipowner's application for the release of vessel from arrest pursuant to CPR 61.8(4)(b) failed. The Admiralty Court held that, among other things, exercising its discretion as the shipowner sought would: (i) run counter to the principle that a claimant in rem could arrest of right; (ii) be inconsistent with the court's long-standing practice that such a cross-undertaking was not required; and (iii) be contrary to the case law.

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