ASTRO EXITO NAVEGACION S.A. v. SOUTHLAND ENTERPRISE CO. LTD. AND NAN JONG IRON AND STEEL CO. LTD. (THE "MESSINIAKI TOLMI")

[1981] 2 Lloyd's Rep. 595

COURT OF APPEAL

Before Lord Justice Lawton, Lord Justice Brandon and Lord Justice Templeman

Sale of ship - Stay of action - Contempt of Court - Cancellation of contract - Sellers applied for specific performance - Buyers applied for stay - Stay granted subject to certain orders being complied with - Buyers failed to comply - Buyers appealed against order - Whether buyers in contempt - Whether sellers' application for a stay should be granted.