Maritime liens in case of shipowner's bancruptcy
In this article author compares two separated branches of law (Admiralty and Bankruptcy) which are connected in case when maritime lien applies on ship whose owner is in bankruptcy. The problem which arises here is to which of two aforementioned branches of law should be given the preference in the...
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| Format: | Article |
| Language: | English |
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University of Belgrade, Faculty of Law, Belgrade, Serbia
2016-01-01
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| Series: | Anali Pravnog Fakulteta u Beogradu |
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| Online Access: | http://scindeks-clanci.ceon.rs/data/pdf/0003-2565/2016/0003-25651601196J.pdf |
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| author | Janković Svetislav |
| author_facet | Janković Svetislav |
| author_sort | Janković Svetislav |
| collection | DOAJ |
| description | In this article author compares two separated branches of law (Admiralty and Bankruptcy) which are connected in case when maritime lien applies on ship whose owner is in bankruptcy. The problem which arises here is to which of two aforementioned branches of law should be given the preference in the application, because these two can't be applied simultaneously. This is because of shortage in value of ship in question which is not enough to settle both admiralty and bankruptcy creditors. Therefore, it is necessary to make the order of priority in which different types of creditors settle their (un)secured claims. Particular problem arises for the claims which are created some short time before and after commencement of the bankruptcy proceedings due to Bankruptcy Law deprives these creditors of secured status. From these reasons, author proposes resolution in preference of Admiralty Law in competition with Bankruptcy Law. The main argument for this reasoning is contained in the fact that maritime lienor doesn't know nor can know that shipowner gets into bankruptcy (or already is in bankruptcy). This conclusion is sup- ported by the fact that maritime lienor usually acquires maritime lien on the ship which is distanced from the owner for miles. |
| format | Article |
| id | doaj-art-59096470da694ef58fc8fb2fef786c5f |
| institution | OA Journals |
| issn | 0003-2565 2406-2693 |
| language | English |
| publishDate | 2016-01-01 |
| publisher | University of Belgrade, Faculty of Law, Belgrade, Serbia |
| record_format | Article |
| series | Anali Pravnog Fakulteta u Beogradu |
| spelling | doaj-art-59096470da694ef58fc8fb2fef786c5f2025-08-20T01:56:59ZengUniversity of Belgrade, Faculty of Law, Belgrade, SerbiaAnali Pravnog Fakulteta u Beogradu0003-25652406-26932016-01-0164119621310.5937/AnaliPFB1601196J0003-25651601196JMaritime liens in case of shipowner's bancruptcyJanković Svetislav0University of Belgrade, Faculty of Law, Belgrade, SerbiaIn this article author compares two separated branches of law (Admiralty and Bankruptcy) which are connected in case when maritime lien applies on ship whose owner is in bankruptcy. The problem which arises here is to which of two aforementioned branches of law should be given the preference in the application, because these two can't be applied simultaneously. This is because of shortage in value of ship in question which is not enough to settle both admiralty and bankruptcy creditors. Therefore, it is necessary to make the order of priority in which different types of creditors settle their (un)secured claims. Particular problem arises for the claims which are created some short time before and after commencement of the bankruptcy proceedings due to Bankruptcy Law deprives these creditors of secured status. From these reasons, author proposes resolution in preference of Admiralty Law in competition with Bankruptcy Law. The main argument for this reasoning is contained in the fact that maritime lienor doesn't know nor can know that shipowner gets into bankruptcy (or already is in bankruptcy). This conclusion is sup- ported by the fact that maritime lienor usually acquires maritime lien on the ship which is distanced from the owner for miles.http://scindeks-clanci.ceon.rs/data/pdf/0003-2565/2016/0003-25651601196J.pdfmaritime lienBankruptcy lawAdmiralty lawsecured creditorsorder of priority |
| spellingShingle | Janković Svetislav Maritime liens in case of shipowner's bancruptcy Anali Pravnog Fakulteta u Beogradu maritime lien Bankruptcy law Admiralty law secured creditors order of priority |
| title | Maritime liens in case of shipowner's bancruptcy |
| title_full | Maritime liens in case of shipowner's bancruptcy |
| title_fullStr | Maritime liens in case of shipowner's bancruptcy |
| title_full_unstemmed | Maritime liens in case of shipowner's bancruptcy |
| title_short | Maritime liens in case of shipowner's bancruptcy |
| title_sort | maritime liens in case of shipowner s bancruptcy |
| topic | maritime lien Bankruptcy law Admiralty law secured creditors order of priority |
| url | http://scindeks-clanci.ceon.rs/data/pdf/0003-2565/2016/0003-25651601196J.pdf |
| work_keys_str_mv | AT jankovicsvetislav maritimeliensincaseofshipownersbancruptcy |