Risks Attendant to U.S. Rule B Alter-Ego Vessel Seizures
By EsqSocial Corporation 18/05/21
A recent wave of vessel seizures premised on alter-ego theories has swept through various U.S. federal courts. These cases present significant risks for vessel owners and ship managers, even if the underlying claims are ultimately defensible. Plaintiffs employ Supplemental Admiralty Rule B as the procedural device to seize vessels as an asset of the target defendant....
By: Blank Rome LLP