This article studies the sale of vessels under court order in Asia-Pacific common law jurisdictions.The reference to "common law jurisdictions" in this article is to judicial courts which are part of a common law legal system and observe the common law traditions.This article demonstrates the writer's view that there is a general approach by the courts in Asia-Pacific common law jurisdictions when deciding applications for the sale of vessels and that the most common situations in which courts order that vessels be sold is where a claim is not contested by the owner of the vessel and where the vessel is regarded by the court to be a deteriorating asset or security.
展开▼
