The judicial sales of ships – Ann Fenech
On June 30 in New York, the 55th Session of the United Nations Commission for International Trade Law (UNCITRAL) approved the text of the convention on the inte
Source: timesofmalta.com
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A Critical Benefit Of The Maltese Maritime Flag: Court-Approved Private Sales - Transport
To print this article, all you need is to be registered or login on Mondaq.com. The continued success of the Maltese Maritime Flag can be greatly attributed to the protection given to financiers and creditors of vessels registered under the Maltese Flag. A 'judicial sale', as defined by Lief Bleyen, is the " sale of a ship by a competent authority by way of public auction or private treaty...by which Clean Title to the Ship is acquired by the Purchaser and the proceeds of sale are made available to the creditors." Act XIV of 2006 amended Article 358 of the Code of Org...
Source: mondaq.com