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“Veracruz 1” Veracruz Transportation Inc -v- V. C. Shipping Co. Inc. And Den Norske Bank A/S

7th Nov 1991

[1992] 1 Lloyds Rep. 353 – (Court of Appeal)

Timothy Brenton – Freezing order, whether available in anticipation of a cause of action.

Practice – Mareva injunction – Anticipatory breach – Sale of ship – Dispute referred to Arbitration – Plaintiffs anticipated breach of contract by buyers – Mareva injunction obtained ex parte to take effect after delivery and payment – Whether Court had jurisdiction to grant injunction – Whether injunction should be discharged or reduced.