August 3, 2022
No choice when offered reasonably satisfactory security under the ASG 2 Collision Jurisdiction Agreement
Does the ASG 2 Collision Jurisdiction Agreement (CJA) require you to accept security offered in a reasonably satisfactory form? No, the High Court of England & Wales held in 2021 in The Panamax Alexander and Osios David, essentially on the basis that Clause C of the ASG 2 CJA, which said “Each party will provide […]