Tag Archives: A K Bansal

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Maritime lien

 In common law, a lien is right of creditor to retain properties of his debtor until the debt is paid. Maritime lien is a privileged claim on a ship for services rendered to HER, or injuries caused by HER. It is a proprietary lien on the

lawzmagazine.com

Mareva Injunction

Asset Freezing is a legal process to prevent a defendant to  dissipate  his assets beyond jurisdiction of a court to frustrate a potential judgment in favour of the claimant. Such a legal order freezes  assets of the defendant and has wide effect to restrain breaches of the process of a court. But

lawzmagazine.com

Flag of convenience

International Maritime Law requires that every merchant ship be registered in a country called its flag state. Once registered, she operates under its laws in her home country and on the high seas. Term flag of convenience means registering a merchant ship in a sovereign state different