Right to Enforce an "in rem" Claim Transfers to the Proceeds of Sale
Steamship Mutual
In the recent case of Bank of Tokyo-Mitsuibishi UFJ Ltd v Sanko Mineral (The MV Sanko Mineral), the English Court considered the requirement of section 21(4) of the Senior Court Act 1981 (SCA). This provides that a condition for commencing an in rem claim is that the person liable in personam is the beneficial owner o
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