Olsen v. The Bank of Nova Scotia, 2011 BCSC 111

In Admiralty Practice, Injunctions on (Updated )

This was an application for an injunction restraining payment under a letter of credit. The letter of credit had been issued to obtain the release of a vessel from arrest and to secure claims that were the subject of arbitration. The arbitrations were decided in favour of the defendant ship builders and applications to review the arbitration awards were later …

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