Sri Lanka being a country that applies Rules of Admiralty as per the English Common Law of Admiralty, any claimant having an interest over a ship in any of the following situations that may relate to a possible action against a vessel of a company before an insolvent proceeding, may face an anticipatory arrest.
by Dan Malika Gunasekera
( January 9, 2017, Colombo, Sri Lanka Guardian) The entire shipping industry witnessed the long-awaited turn in business environment with last weeks news that Hanjin Shipping, a South Korean shipping giant which is considered as the 7th largest container carrier in the world would finally announce its move for liquidation after months of re…
Read the full article at: http://www.slguardian.org/2017/01/collapse-of-hanjin-cross-border-insolvency-and-maritime-claims/
