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GUINNESS PEAT AVIATION (BELGIUM) NV v. HISPANIA LINEAS AEREAS S.A.

Lloyd's Law Reports

GUINNESS PEAT AVIATION (BELGIUM) NV v. HISPANIA LINEAS AEREAS S.A.

[1992] 1 Lloyd's Rep. 190

QUEEN’S BENCH DIVISION(COMMERCIAL COURT)

Before Mr. Justice Webster

Practice - Mareva injunction - Plaintiffs leased aircraft to defendants - Defendants chartered aircraft to third party for summer season - Defendants defaulted on lease - Plaintiffs obtained Mareva injunction and took possession of aircraft - third party incurred liability to fourth parties - Whether third party’s losses recoverable - Whether plaintiffs should have notified third party of their right to apply for order to be varied.

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