We wrote an article about the Arrest of Vessels in Korean waters in a post last week. The article is a useful guide for those considering arresting a ship in Korean waters. The post may be found at: Arrest/Attachment of Vessels in Korean Waters: Maritime Liens for Creditors in Korea. This post describes how you may obtain the release of a vessel arrested in Korea waters. The Korean Courts have put in place an efficient post-arrest procedure that, often, quicklyContinue reading
Tag: Ship Arrest in Korea
Arrest/Attachment of Ships at Korean Ports: Maritime Liens in Korea
The arrest of vessels/ships in Korea is a common tool to satisfy judgements against debtors. Korean courts allow the ex-parte arrest of ships. The court, normally, does not request from the Korean counsel of the creditor/claimant evidence of how long the ship will remain in Korean waters, as is, sometimes, the case in other neighboring jurisdictions. We find Korea to be a much easier destination for arresting vehicles than many other Asian nations, because of the efficiency focus of theContinue reading
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