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The Sanctions Standoff in Ship Release: Defining Reasonable Security and the Power of the Agreed Forum

Dr. Arun Kasi presents the fourth in a series of articles in relation to the latest legal issues arising out of Admiralty claims.

𝗧𝗵𝗲 𝗦𝗮𝗻𝗰𝘁𝗶𝗼𝗻𝘀 𝗦𝘁𝗮𝗻𝗱𝗼𝗳𝗳 𝗶𝗻 𝗦𝗵𝗶𝗽 𝗥𝗲𝗹𝗲𝗮𝘀𝗲: 𝗗𝗲𝗳𝗶𝗻𝗶𝗻𝗴 𝗥𝗲𝗮𝘀𝗼𝗻𝗮𝗯𝗹𝗲 𝗦𝗲𝗰𝘂𝗿𝗶𝘁𝘆 𝗮𝗻𝗱 𝘁𝗵𝗲 𝗣𝗼𝘄𝗲𝗿 𝗼𝗳 𝘁𝗵𝗲 𝗔𝗴𝗿𝗲𝗲𝗱 𝗙𝗼𝗿𝘂𝗺

A short teaser of this interesting read below…

Sanction clauses in LOUs have become a modern deal-breaker in securing a ship’s release from arrest, creating a critical standoff over what constitutes reasonable security. This article examines two landmark English decisions that provide definitive answers to high-stakes questions: whether qualified security is reasonable and must be accepted, and whether the power to decide lies with the arresting court or the parties’ contractually agreed forum.

To read the full article and to subscribe, please click the links provided below;

to view the article, please click the link here.

The Maritime Brief and subscription is linked here.

To instruct Dr Kasi on shipping matters, please contact his clerk at Stephen Somerville on [email protected] or +44 (0)20 7404 5252

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    Dr. Arun Kasi

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