ADMIRALTY PROCEDURE: MORE THAN JUST ‘ASSOCIATED SHIP’ ARRESTS

By Jeremy Prain Friday, May 10, 2013
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South Africa continues to be a popular jurisdiction for maritime creditors to obtain security for claims. While the outstanding feature of the country`s admiralty procedure remains the well-known `associated ship` arrest, a number of other aspects also contribute to its potency. This update examines the South African arrest regime from a broader perspective, serving to highlight its liberal nature and the possibilities open to creditors in the current distressed market.

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