Lakeland Bank v. The Ship NEVER E NUFF, 2016 FC 1096

In Maritime Liens, Mortgages & Priorities on (Updated )

Précis: The Federal Court gave judgment in rem in favour of a U.S. mortgagee notwithstanding the sale of the vessel to an innocent purchaser. Provincial laws requiring registration of a mortgage had no application in the circumstances.

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Offshore Interiors Inc. v. Worldspan Marine Inc., 2013 FC 1266, 2015 FCA 46

In Appeals, Maritime Liens, Mortgages & Priorities on (Updated )

PrĂ©cis: The Federal Court of Appeal dismissed an appeal and confirmed the trial judgment holding that a Builder’s mortgage secured advances made by the purchaser and that the builder was under an obligation to repay those advances.

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