Admiralty

Are direct claims iro “vessel concerned” or “other” vessel

• Concerned

• Other vessel

• Both

“3(4) A maritime claim may be enforced by an action in rem-

(a) if the claimant has a maritime lien over the property to be arrested; or

(b) if the owner of the property to be arrested would be liable to the claimant

in an action in personam in respect of the cause of action concerned.”

The above quote relates to

• Direct claims

• Indirect claims

• Both

Sec 3(6) and (7) relates to

• Direct claims

• Indirect claims

• Arrest of “other vessels”

Having looked at the diagram…

• It is not important to look at the shareholding especially if you have indicators

• I must start by evaluating the shareholding first regardless of indicators

• It’s not important which one to start with between shareholding and indicators. They lead to same conclusion

• It’s a matter of style. My focus is “association”

The common component is

• Isabella given the size of her shares

• Milosh and Isabella because they have the highest share proportions

• Milosh and Isabella because there are present in both companies

• There is no common component because there is no one who holds above 50% shares

In this diagram the majority shareholders are

• Milosh and Isabella because they have the highest shares of any two shareholders

• Milosh and Isabella because they also have shares in Tory

• Milosh and Isabella because they own 100% of Tory and therefore steer the direction of Tory

• None of these answers is correct

Can steer the fate of the company to the exclusion of others

• Milosh and Isabella in Collier

• Milosh and Isabella in Tory and Collier

• Yvette and Miguel in Collier

The requirement for consent by Collier means

• Milosh and Isabella cannot decide any affairs of Tory against Collier’s will

• Milosh and Isabella can decide the affairs of Tory unless it has to do with the ranger

• It does not matter. Milosh and Isabella are required to obtain consent

• They can decide including deciding to cancel the agreement

The phrase “cannot be unreasonably withheld” means

• There is a limit to what Collier can refuse Tory

• Collier can refuse consent for whatever reason

• none of the above