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SPP issued judicial interpretations on arrest and auction of vessels
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Chinese
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Category:Legislative Updates
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Keywords:Supreme People's Court; arrest and auction of vessels; judicial interpretation
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Source:Pkulaw
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Publish Date:03-04-2015
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The People's Supreme Court recently issued the Provisions of the People's Supreme Court on Several Issues regarding the Application of Laws on Arrest and Auction of Vessels. The Provisions contain twenty-five clauses covering issues such as arrest and auction of vessels under bareboat charters, submission and release of security for arrest of vessels, announcement and procedures for auction of vessels, jurisdiction and the application of laws regarding realization of the rights secured by arrested vessels, as well as the application of laws on auction of vessels in enforcement procedures.
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