Ed Wahl Boat Builders and Repairs Ltd v Holm and ors (The ‘Norse-Pol’) - Federal Ct (Trial Div)(Hargrave P) - 28 August 2000

Arrest of partially-constructed yacht - Builder running into financial problems and not contactable - Whether yacht owners entitled to have vessel released from arrest without bail and security for costs

The Norse-Pol, a partially constructed yacht, was arrested by her builder on allegations of money owed on her construction. The defendant owners of the Norse-Pol said, to the contrary, that they had already put into the vessel an amount in excess of the contract price. The owners also said that the construction was defective, and that many hundreds of thousands of dollars would be required to remedy the defects and complete construction.