Galaxia Maritime S.A. v. Mineral Importexport (The Eleftherios) - Court of Appeal (Eveleigh and Kerr L.JJ. and Sir George Baker) - 18 December 1981

Mareva injunction lifted where third party’s trading activities interfered with

The plaintiffs, a Swiss company, owned the vessel Grecian Legend which had been time-chartered by the defendants, a Panamanian Corporation. The plaintiffs claimed some $400,000 for demurrage and had obtained a Mareva injunction from Neill J. The injunction restrained the defendants from dealing with their assets within the U.K. and in particular a cargo of coal loaded on board the vessel Eleftherios which was at that time at the port of Barry in South Wales.